10 AI Headlines You Shouldn’t Miss

5. Palantir Technologies Inc. (NYSE:PLTR)

Market Capitalization: $135.96 billion

Palantir Technologies Inc. (NYSE:PLTR) is an American company that builds agile solutions for data-driven operations and decision-making. The company’s Artificial Intelligence Platform, AIP, has transformed its business, which is used to test, debug code, and evaluate AI-related scenarios.

On November 13, Palantir Technologies Inc. (NYSE:PLTR) renewed its multi-year enterprise agreement with the Rio Tinto Group, a leading mining and metals group. The agreement extends the enterprise agreement between the two companies, securing Rio Tinto’s access to the Palantir Artificial Intelligence Platform for an additional four years. As an early user of Palantir Foundry, Rio has already developed a digital twin “Ontology” that acts as a unified data framework for essential operations.

“We have high expectations for Rio Tinto’s utilization of Palantir’s AI Platform (AIP) based on what they have already achieved with Foundry and their ambition for secure use of AI. The Ontology created by Rio Tinto’s team in Foundry over the past three years enables fast deployment of AI solutions to some of Rio Tinto’s most pressing challenges and ensures best and safe operator practice in areas like risk identification, asset management, and supply chain order and fulfilment processes”.

-Ted Mabrey, Palantir’s Head of Commercial.