Palantir’s (NASDAQ:PLTR) deal that it signed with Lumen Technologies (NYSE:LUMN) last month is worth $200M, Bloomberg reported.
Palantir shares were little changed in premarket trading, while Lumen rose 4.7%.
Terms of the deal will see Lumen spend the $200M with Palantir over a span of several years, the news outlet added, citing people familiar with the matter.
Palantir will provide its Foundry and Artificial Intelligence Platform to Lumen as the latter shifts from a traditional telecom to a next-gen tech infrastructure company.
