Palantir Technologies and Oracle announced a partnership to deliver AI software and services on Oracle’s cloud platform. Palantir will migrate its Foundry workloads to Oracle Cloud and make its Gotham and AI Platforms available across Oracle’s distributed cloud. This move aims to leverage Oracle’s infrastructure while expanding Palantir’s reach beyond its government and financial sector roots into healthcare, energy, and manufacturing. Palantir’s stock initially rose on the news but closed lower amidst broader market declines.
