Cognizant (CTSH) said on Thursday that it was collaborating with Palantir Technologies (PLTR) to boost artificial intelligence usage in healthcare and the enterprise.
As part of the deal, Cognizant will use Palantir Foundry and Palantir Artificial Intelligence Platform to advance AI integration within its TriZetto healthcare business. It will also look for other broader enterprise opportunities for clients across industries, the company said in a statement.
“This partnership reflects our commitment to using frontier technologies to deliver value for our clients, while also transforming our own businesses for the next era of AI-led growth,” said Surya Gummadi, President, Americas, Cognizant. “By combining Palantir’s AI platform capabilities with Cognizant’s deep industry expertise and global engineering scale, we are strengthening our ability to modernize mission-critical platforms like TriZetto while creating new opportunities to build purpose-driven, enterprise-grade solutions that help clients transform how they operate and deliver the experiences and outcomes their customers expect.”
Financial terms of the deal were not disclosed.
Cognizant shares rose 1% in midday trading, while Palantir fell nearly 6%.
