Palantir and Oracle Forge Alliance in AI and Cloud Computing

BATS:PLTR   Palantir Technologies Inc.
Unveiling a Strategic Partnership
In a bold move destined to reshape the landscape of artificial intelligence (AI) and cloud computing services, Palantir Technologies ( PLTR ) and Oracle ( ORCL ) have announced a groundbreaking partnership. This strategic alliance heralds a new era of innovation and efficiency, promising to revolutionize how businesses harness the power of data analytics and AI technologies.

Harnessing the Power of Palantir's Platforms
At the heart of this partnership lies Palantir's renowned software platforms: Palantir Gotham, Palantir Metropolis, and Palantir Foundry. These platforms, tailored to specific industries, have already demonstrated their effectiveness in empowering organizations to unlock actionable insights from complex data sets. Now, with the added advantage of Oracle's cloud infrastructure, these platforms will be further enhanced in terms of scalability, performance, and accessibility.

Pioneering the Future of AI with Generative Models
One of the key highlights of this collaboration is the migration of Palantir Foundry workloads to Oracle's cloud computing platform. This strategic move underscores the commitment of both companies to providing customers with unparalleled flexibility and agility in deploying AI-driven solutions. Moreover, Palantir's Gotham and AI Platforms will now be deployable across Oracle's distributed cloud, expanding their reach and impact across diverse market segments.

Technical Outlook
Palantir ( PLTR ) closed at 22.48 down by 1%. Palantir stock is trading below the 200-day Moving Average (MA) with a Relative Strength Index (RSI) of 41.33 indicating a moderate selling bias of the stock.

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