Palantir and BP agree to 5-year strategic relationship with new AI capabilities

Palantir Technologies Inc. (NYSE:PLTR) and bp (NYSE:BP) announced a business agreement that expands their strategic relationship and introduces new artificial intelligence capabilities with Palantir’s AIP software.

The new contract builds on a decade of deep collaboration that has created a solid foundation for bp’s oil and gas production operations, leveraging Palantir’s industry-leading software. Since 2014, bp has deployed Palantir software extensively to support its oil and gas production operations, from offshore oil platforms in the North Sea and Gulf of Mexico to the Khazzan gas fields in Oman.