AUSTIN, Texas, and DENVER – Oracle (NYSE:) and Palantir (NYSE:) announced a strategic partnership to deliver cloud and artificial intelligence (AI) solutions to businesses and governments around the world. The collaboration combines Oracle’s distributed cloud and AI infrastructure with Palantir’s AI and decision acceleration platforms to improve organizational efficiency, sovereignty and competitiveness.
Palantir will migrate its Foundry workloads to Oracle Cloud Infrastructure and enable deployment of its Gotham and AI platforms across Oracle’s extensive cloud network. This includes public cloud regions, Oracle Cloud infrastructure regions, Oracle Alloy, Oracle EU Sovereign Cloud, Oracle Government Cloud, Oracle Roving Edge, and air-gapped regions for defense and intelligence customers.
Oracle’s AI capabilities are expected to enhance Palantir’s data integration and decision-making platforms, providing a complete solution for organizations.
Rand Waldron, vice president of Oracle, highlighted Oracle Cloud Infrastructure’s unique position in providing cloud and AI services globally, saying the partnership will enable customers to succeed in various environments. Josh Harris, executive vice president of Palantir, highlighted both companies’ alignment in supporting Western interests and institutions, noting that Oracle’s infrastructure will strengthen Palantir’s global impact.
The partnership aims to meet the needs of organizations in any region, including those with high sovereignty and security requirements. Oracle Cloud offers more than 100 cloud services and applications, which now include generative AI innovations running on AI infrastructure. Consistent services and pricing across deployment types are designed to simplify operations.
Palantir’s Artificial Intelligence Platform (AIP) aims to integrate disparate data sources and systems into a unified operational picture, with a focus on security and trust. Oracle’s AI strategy, underpinned by its history in defense and intelligence, is expected to enhance Palantir’s AI capabilities, facilitating accelerated decision-making for customers.
The two companies will jointly market and support their cloud and AI services across various government and commercial sectors.
This partnership is based on a press release and reflects the companies’ forward-looking expectations for the collaboration.
Insights on InvestingPro
As Oracle (NYSE:ORCL) partners with Palantir to enhance AI capabilities and cloud infrastructure, it’s important to consider Oracle’s current financial health and market performance. Oracle’s market capitalization stands at a whopping $346.97 billion, reflecting its significant presence in the software industry. The company’s P/E ratio currently stands at 32.23, indicating a premium valuation by the market to its earnings.
One noteworthy InvestingPro tip is that Oracle has increased its dividend for 10 consecutive years, demonstrating a commitment to returning value to shareholders. Additionally, the company has maintained dividend payments for 16 consecutive years, which could be attractive to long-term investors looking for stable income streams.
However, analysts recently revised down their earnings expectations for the coming period, suggesting potential challenges ahead. This contrasts with the company’s strong historical performance, such as achieving high returns over the past decade and past five years.
Investors interested in a deeper dive into Oracle’s financials and additional insights can use InvestingPro for a comprehensive analysis. There are 12 additional InvestingPro Tips for Oracle, which you can access by visiting https://www.investing.com/pro/ORCL. Don’t forget to use the coupon code PRONEWS24 to get an additional 10% discount on the annual or biennial Pro and Pro+ subscription.
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