Palantir & Oracle Join Forces: Certified Platforms Boost AI Initiatives & Stocks Surge

  • Palantir Technologies and Oracle have announced a significant collaboration, with Palantir’s Foundry and AIP platforms now certified on Oracle Cloud Infrastructure (OCI).

  • The partnership aims to accelerate AI initiatives for businesses and governments worldwide by combining Oracle’s cloud infrastructure and AI capabilities with Palantir’s leading platforms.

  • Palantir’s stock has surged by 70% in 2024 due to the growing demand for cloud computing technology.

  • The deployment of Palantir’s technology on Oracle’s platforms is expected to strengthen their position in the AI industry and boost Palantir’s market momentum and popularity.

  • Analysts have raised price targets for Oracle’s shares, with the company’s market capitalization at $399.68 billion and experiencing steady revenue growth.

  • Oracle’s HeatWave GenAI feature, which simplifies generative AI application development, is now available across all Oracle Cloud regions.

  • This collaboration is poised to bring new innovations in cloud computing and AI to organizations globally, as Oracle expands its offerings through partnerships with OpenAI and Google Cloud.

Summary based on3 sources