Palantir, BP ink pact for new AI capabilities
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- Palantir Technologies (NYSE:PLTR) and BP (NYSE:BP) entered a five-year strategic collaboration to introduce new artificial intelligence capabilities with Palantir’s AIP software.
- The new contract will build on a decade of collaboration between the two companies. Since 2014, Palantir’s software has been deployed by BP to support its oil and gas production operations.
- The companies noted that Palantir’s AIP software will assist BP to safely and reliably harness large language models, or LLMs, to improve and accelerate human decision-making with suggested courses of action based on automated analysis of the underlying data.