Expansion focuses on commercializing new AI
solutions across multiple sectors
DALLAS and DENVER, May 31, 2023
/PRNewswire/ -- Jacobs (NYSE: J) and Palantir Technologies Inc.
(NYSE: PLTR) ("Palantir") today announced an expansion of their
partnership, focused on leveraging Palantir's AI capabilities to
commercialize new AI solutions spanning critical infrastructure,
advanced facilities, supply chain management and more.
"While we have understood the power and promise of AI for years,
we saw clear challenges with secure deployment," said Jacobs CEO
Bob Pragada. "With Jacobs' continued
focus on data solutions, combined with our deep domain knowledge,
we're enabling AI to create value for our clients. Our expanded
partnership with Palantir is a key differentiator in bringing
built-in transparency, guardrails and security solutions for our
clients on a time horizon measured in weeks, not years."
Building on Jacobs' use of domain-specific algorithms with
Foundry in its water sector, the company is now incorporating
Palantir AIP to unlock unprecedented speed, greater efficiency and
more informed decision-making for their clients – with security,
control and auditability at the forefront.
"We are already deploying AI to optimize the entire water life
cycle, from day-to-day management to long-term planning and design,
and now we're diving deeper across new sectors," said Jacobs EVP
& President, Divergent Solutions Shannon Miller. "This will
allow our clients to make better decisions today, tomorrow, and in
the future, creating safer and more sustainable water and sewage
systems for us all."
"Through the adoption of Foundry and now AIP, Jacobs is
delivering end-to-end, AI-powered solutions with real-time
computing power, actionable data and control," said Palantir CTO
Shyam Sankar. "Our previous success
in helping Jacobs' clients achieve efficiency improvements in
energy utilization and chemical usage is only the beginning."
At Jacobs, we're challenging today to reinvent tomorrow by solving
the world's most critical problems for thriving cities, resilient
environments, mission-critical outcomes, operational advancement,
scientific discovery and cutting-edge manufacturing, turning
abstract ideas into realities that transform the world for good.
With approximately $15 billion in
annual revenue and a talent force of more than 60,000, Jacobs
provides a full spectrum of professional services including
consulting, technical, scientific and project delivery for the
government and private sector. Visit jacobs.com and
connect with Jacobs
on Facebook, Instagram, LinkedIn and Twitter.
About Palantir Technologies Inc.
Foundational software of tomorrow. Delivered today. Additional
information is available at palantir.com.
This press release contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended.
These statements may relate to, but are not limited to,
expectations regarding the terms and outcomes of the partnership
and the expected benefits of, and adoption by current and
prospective customers of, the related technologies, software
platforms, and solutions. Forward-looking statements are inherently
subject to risks and uncertainties, some of which cannot be
predicted or quantified. Forward-looking statements are based on
information available at the time those statements are made and
were based on current expectations as well as the beliefs and
assumptions of management as of that time with respect to future
events. These statements are subject to risks and uncertainties,
many of which involve factors or circumstances that are beyond
Palantir's and Jacobs' control. These risks and uncertainties
include Palantir's and/or Jacobs' ability, as applicable, to meet
the unique needs of its customers; the failure of its technologies,
platforms, and solutions to satisfy its customers or perform as
desired; the frequency or severity of any software and
implementation errors; its platforms' reliability; and the ability
to modify or terminate the partnership. Additional information
regarding these and other risks and uncertainties is included in
the filings Palantir or Jacobs, as applicable, makes with the
Securities and Exchange Commission from time to time. Except as
required by law, neither Palantir nor Jacobs undertakes any
obligation to publicly update or revise any forward-looking
statement, whether as a result of new information, future
developments, or otherwise.
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