Palantir partners with Google Cloud, expands other deals

Palantir Technologies announced a multi-tiered partnership with Google Cloud, aiming to expand its cloud reach and strengthen its enterprise AI operations. The collaboration integrates Palantir's AI Platform (AIP) with Google's Gemini AI models and will make Palantir's software available on the Google Cloud Marketplace. Key technical integrations include two-way data federation between Google's BigQuery and Palantir's Foundry platform, as well as semantic exchange between Google's Knowledge Catalog and Palantir's Ontology. This aims to reduce data movement and improve access to operational information. Eaton is cited as an early user, leveraging Palantir Foundry, AIP, Ontology, and Gemini to enhance engineering workflows, including quote generation and work speed. Beyond the Google Cloud deal, Palantir also secured a multi-year agreement with McCarthy Building Companies for its AI Platform and expanded its existing contract with GNP Seguros for AI-powered insurance tools. Palantir's stock (PLTR) saw early gains following the announcements, trading up 1.45% at $144.26, though it pulled back from an intraday high near $147. Wedbush analysts noted that Palantir's AIPCon demonstrated AI advancements and a differentiated approach.