AI Powerhouse: Palantir And PwC Team Up To Accelerate Data-Driven Operations

Palantir Technologies Inc. PLTR is expanding its collaboration with PwC to combine its latest AI capabilities. 

The collaboration will combine Palantir's latest AI capabilities with PwC's industry experience to help clients realize value with data and AI-enabled operations.

Palantir has chosen the U.K. as its European headquarters for AI research and development.

Christian Butter, Partner and Palantir alliance leader at PwC UK, said, "This alliance is enabling us to deliver even greater value and sustained outcomes to our clients."

Palantir Eyes Major NHS Data Deal In UK

Palantir is also reportedly poised to secure a significant contract with the U.K.'s National Health Service (NHS). 

This development comes as the U.K. government seeks to revamp its health data system, according to a news report by Bloomberg.

The proposed five-year contract, potentially extendable by two years and valued at approximately £480 million ($579 million), aims to assist the NHS in analyzing medical data and detecting patterns to enhance its entire system. 

The official announcement of Palantir, the data analytics firm co-founded by tech magnate Peter Thiel, as the chosen bidder, is anticipated soon.

Palantir's involvement with the U.K. government has been around for a while, the report notes. 

While Palantir reported over $1.07 billion in government revenue in 2022 and is projected to hit $1.26 billion this year, the NHS contract's financial impact, spread over several years, might not significantly influence Palantir's immediate financial results, the report added. 

Price Action: PLTR shares are trading higher by 4.56% to $15.58 on the last check Wednesday.

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.