Palantir Strikes AI Partnership With IBM, Sending Palantir Shares Up
February 08 2021 - 9:20AM
Dow Jones News
By Dave Sebastian
Palantir Technologies Inc. shares rose about 10% in premarket
trading after the company struck a partnership with International
Business Machines Corp. to build a product that helps businesses
analyze vast amounts of data, involving IBM's hybrid cloud-data
platform and Palantir's operations platform.
The companies on Monday said they plan for the new product,
Palantir for IBM Cloud Pak for Data, to be available in March.
Palantir is adopting IBM's Red Hat OpenShift, the hybrid-cloud
platform, as part of the partnership, effective Monday, it
said.
IBM shares rose 0.95% in premarket trading.
Write to Dave Sebastian at dave.sebastian@wsj.com
(END) Dow Jones Newswires
February 08, 2021 09:05 ET (14:05 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
Palantir Technologies (NYSE:PLTR)
Historical Stock Chart
From Mar 2024 to Apr 2024
Palantir Technologies (NYSE:PLTR)
Historical Stock Chart
From Apr 2023 to Apr 2024
