News Summary

• Palantir has struck a partnership with Lumen Technologies that will see the telecommunications company use the data management company’s AI software to support enterprise AI services.
• The companies are calling the deal “a multi-year, multi-million-dollar strategic partnership,” but Bloomberg reports, citing anonymous sources, that Lumen is going to spend over $200 million on Palantir's tech over the course of several years.
• Lumen has committed to reducing expenses by $1 billion by 2027.