APA, Palantir ink multi-million-dollar deal extension
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APA Corporation (NASDAQ:APA) has announced a multi-year, multi-million-dollar extension of its enterprise deal with Palantir Technologies (NYSE:PLTR) to leverage artificial intelligence tech across its oil and gas operations.
The agreement builds on the work deployed across APA’s global portfolio over the past three years and introduces new AI capabilities with Palantir’s Artificial Intelligence Platform software.
“Our existing partnership has enabled improved operational efficiency and business visibility across our global portfolio. We are excited to expand the use of Palantir AI capabilities to build on this foundation and accelerate performance and cost management even further,” said Travis Osborne, APA’s Vice President, Chief Information Officer.