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Palantir Technologies Inc. renewed its contract with Rio Tinto for four years, enhancing access to its AI platforms and improving efficiency through Palantir Foundry for a digital twin.

Palantir Technologies Inc. rose 1.42% to $60.70, with an intraday high of $63.39 and a low of $59.85. The company renewed its partnership with Rio Tinto Plc for another four years.

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About Palantir Technologies Inc.

Palantir Technologies, Inc. engages in the business of building and deploying software platforms that serve as the central operating systems for its customers. It operates under the Commercial and Government segments. The Commercial segment focuses on customers working in non-government industries. The Government segment is involved in providing services to customers that are the United States government and non-United States government agencies. The company was founded by Alexander Ceadmon Karp, Peter Andreas Thiel, Stephen Cohen, and Nathan Dale Gettings in 2003 and is headquartered in Denver, CO.