Palantir Renews Enterprise Contract with Rio Tinto for 4 Years, Extending AI Platform Partnership Since 2021

Nov 13, 2024, 10:48 AM

Palantir Technologies Inc. (PLTR) has renewed its multi-year enterprise contract with Rio Tinto Group for an additional four years. This extension will provide Rio Tinto continued access to Palantir's Artificial Intelligence Platform (AIP), which leverages Palantir Foundry’s digital twin (Ontology) to enhance operational efficiency, risk management, and AI-driven decision-making. The partnership, originally established in 2021, aims to bolster Rio Tinto's capabilities in the mining and metals sector.