Palantir announces several major AI partnerships: Collaborating with Google to break through data barriers, accelerating penetration into the fields of construction, insurance, and legal services.

Palantir (PLTR.US) announced several news at the annual AIPCon event on Thursday, including a partnership with Alphabet Inc. Class C (GOOGL.US). Palantir stated that as part of the partnership, Palantir's services will be integrated into the entire Alphabet Inc. Class C cloud platform and will be available on the Alphabet Inc. Class C cloud marketplace. Palantir also mentioned in a statement that they will be providing "bidirectional data joins between BigQuery and Foundry, as well as bidirectional semantic exchange between Alphabet Inc. Class C Knowledge Catalog and Foundry Ontology" for new and existing customers. Additionally, there will be deeper integration between Alphabet Inc. Class C's Gemini and Palantir AIP to allow customers to connect AI models into their workflows. Palantir's Chief Architect Akshay Krishnaswamy stated in a release, "Our customers are steadfast in their ambitions and understand that a holistic architecture is crucial." He also mentioned that the collaboration with Alphabet Inc. Class C's cloud will combine customers' investments in Alphabet Inc. Class C Knowledge Catalog, BigQuery, and cloud storage over the years with the operational strength of Foundry and AIP, enabling them to unleash Gemini's potential while utilizing their Ontology-based AI strategy. Furthermore, Palantir signed a multi-year, multi-million dollar agreement with private construction firm McCarthy Building Companies on Thursday. McCarthy will utilize Palantir's AI platform to build an interconnected AI operating system across the company. Palantir also signed a multi-year, multi-million dollar enterprise expansion agreement with GNP Seguros, Mexico's largest insurance company. GNP Seguros will use Palantir's AI platform to assist with handling claim fraud, underwriting, improving claims efficiency, and insurance coverage. Additionally, the company confirmed previous reports that they have signed an agreement with law firm Kirkland & Ellis to assist with private equity fundraising.