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Oracle and Palantir Unlock New Innovation in Cloud and AI to Power Businesses and Governments Around the World

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Oracle has announced that Palantir's Foundry Platform and Artificial Intelligence Platform (AIP) are now certified on Oracle Cloud Infrastructure (OCI) and are generally available across all Oracle's distributed cloud deployment options. This collaboration aims to help businesses and governments accelerate their AI initiatives by leveraging Oracle's robust cloud infrastructure alongside Palantir's AI and decision-acceleration platforms. Palantir Foundry and AIP are supported across various OCI offerings including public cloud regions, OCI Dedicated Regions, Oracle Alloy, Oracle EU Sovereign Cloud, Oracle Government Cloud, Oracle Roving Edge, and air-gapped regions for defense and intelligence. Oracle's unique ability to deliver AI and 100+ cloud services across dedicated, public, and hybrid environments ensures customers can meet their regulatory, security, and performance requirements while benefiting from advanced cloud and AI technology.

Positive
  • Palantir's Foundry and AIP certified on OCI and now generally available.
  • Collaboration helps customers rapidly scale AI capabilities across operations.
  • Supports multiple OCI offerings, including public and government clouds.
Negative
  • None.

The collaboration between Oracle and Palantir to make Palantir's Foundry and Artificial Intelligence Platform (AIP) certified on Oracle Cloud Infrastructure (OCI) is a significant development. By combining Oracle's robust and adaptable cloud infrastructure with Palantir's sophisticated AI-driven decision-making platforms, they provide a compelling proposition for organizations aiming to scale AI capabilities while meeting stringent regulatory and security requirements.

Technical integration implies that users can leverage the enhanced performance and security features of OCI, which is critical for mission-critical applications and sensitive data operations. Moreover, this partnership promises to significantly reduce the complexity of deploying AI solutions across various cloud environments, which can be a game-changer for both public and private sectors. This move positions Oracle uniquely among hyperscalers to offer specialized AI services across different cloud infrastructures.

From a financial perspective, Oracle and Palantir's collaboration is likely to be beneficial for both companies. Oracle benefits by enhancing its cloud services portfolio with advanced AI capabilities from Palantir, potentially increasing its market share in the competitive cloud services arena. This could translate to increased revenues and better customer retention. For Palantir, this partnership widens its customer base by providing access to Oracle's extensive enterprise client network, which could significantly boost its service adoption rates and revenue.

The partnership could also present new revenue streams through joint solutions tailored for industries with stringent regulatory requirements, such as defense, intelligence and government sectors. This synergy could lead to improved financial performance and stock valuation for both companies in the long term.

In terms of market impact, this collaboration addresses a growing need for scalable AI solutions that comply with regulatory and security standards. The combination of Oracle's extensive cloud infrastructure and Palantir's AI platforms provides a robust solution that could appeal to a broad range of industries, including government, healthcare and finance. These sectors are particularly sensitive to data sovereignty and security requirements, making this partnership highly relevant.

Market differentiation is another critical factor. By offering certified AI and cloud solutions that meet stringent regulatory standards, Oracle and Palantir differentiate themselves from other cloud service providers. This could capture a significant share of the market looking for compliance without compromising on performance and innovation. Investors should keep an eye on how well this partnership is received by the market and its adoption rate, as these will be key indicators of its success.

Palantir's Foundry and Artificial Intelligence Platform are certified on OCI and now generally available

AUSTIN, Texas, July 9, 2024 /PRNewswire/ -- Oracle today announced that Palantir's Foundry Platform and Artificial Intelligence Platform (AIP) are certified on Oracle Cloud Infrastructure (OCI) and generally available across all of Oracle's distributed cloud deployment options. Oracle's distributed cloud, AI infrastructure, and sovereign AI capabilities, combined with Palantir's leading AI and decision acceleration platforms, help businesses and governments accelerate their AI initiatives.

"Together with Oracle, we're helping our global customers take advantage of the latest innovations in cloud computing and AI while meeting their regulatory, performance, and security needs," said Palantir Executive Josh Harris.

"Oracle's powerful and flexible cloud infrastructure, combined with Palantir's decision acceleration platforms, helps customers rapidly scale AI capabilities across its operations," said Rand Waldron, vice president, Oracle. "This will enable customers to get the most value out of their data, while meeting their sovereignty and security standards."

Palantir's Foundry and AIP are certified on OCI, jointly supported, and available across OCI's distributed cloud offerings, including public cloud regions; OCI Dedicated Regions; Oracle Alloy; Oracle EU Sovereign Cloud; Oracle Government Cloud; Oracle Roving Edge, and Oracle's air-gapped regions for defense and intelligence customers. Palantir Foundry and AIP deployed on OCI can give customers the advantage of OCI's flexible compute infrastructure that provides efficiency, performance, and security.

Oracle is the only hyperscaler capable of delivering AI and a full suite of 100+ cloud services across dedicated, public, and hybrid cloud environments, anywhere in the world. With OCI's sovereign cloud offerings, customers can meet regulatory, security, and performance requirements while getting the full benefits of the cloud and AI.

About Oracle
Oracle offers integrated suites of applications plus secure, autonomous infrastructure in the Oracle Cloud. For more information about Oracle (NYSE: ORCL), please visit us at oracle.com.

About Palantir Technologies Inc.
Palantir builds category-leading software that empowers organizations to create and govern artificial intelligence across public and private networks. Since 2003, we have helped some of the world's most important organizations solve their most difficult problems. Foundational Software of Tomorrow. Delivered Today. Additional information is available at https://www.palantir.com.

Trademarks
Oracle, Java, MySQL and NetSuite are registered trademarks of Oracle Corporation. NetSuite was the first cloud company—ushering in the new era of cloud computing.

Forward Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements may relate to, but are not limited to, Palantir's expectations regarding the amount and the terms of the contract and the expected benefits of its software platforms. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified. Forward-looking statements are based on information available at the time those statements are made and were based on current expectations as well as the beliefs and assumptions of management as of that time with respect to future events. These statements are subject to risks and uncertainties, many of which involve factors or circumstances that are beyond Palantir's control. These risks and uncertainties include Palantir's ability to meet the unique needs of its customers; the failure of its platforms to satisfy its customers or perform as desired; the frequency or severity of any software and implementation errors; the reliability of its platforms; and the ability of customers to modify or terminate their contracts. Additional information regarding these and other risks and uncertainties is included in the filings Palantir makes with the Securities and Exchange Commission from time to time. Except as required by law, Palantir does not undertake any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments, or otherwise.

 

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SOURCE Oracle

FAQ

What is the significance of Palantir's Foundry and AIP certification on Oracle Cloud Infrastructure (OCI)?

The certification means that Palantir's Foundry and AIP can now leverage OCI's robust infrastructure to help businesses and governments accelerate their AI initiatives while meeting regulatory, performance, and security needs.

What are the deployment options available for Palantir's Foundry and AIP on OCI?

Palantir's Foundry and AIP can be deployed across various OCI options, including public cloud regions, OCI Dedicated Regions, Oracle Alloy, Oracle EU Sovereign Cloud, Oracle Government Cloud, Oracle Roving Edge, and air-gapped regions for defense and intelligence.

How does Oracle's collaboration with Palantir benefit customers?

The collaboration enables customers to rapidly scale AI capabilities across their operations, ensuring they get the most value from their data while meeting sovereignty and security standards.

What makes Oracle's cloud infrastructure unique in the context of AI and cloud services?

Oracle is the only hyperscaler capable of delivering AI and a full suite of 100+ cloud services across dedicated, public, and hybrid cloud environments globally, which helps customers meet regulatory, security, and performance requirements.

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