Workflow
Enterprise AI services
icon
Search documents
Palantir enters $200M partnership with telco Lumen for enterprise AI services
TechCrunch· 2025-10-23 15:23
Core Insights - Palantir has entered a multi-year, multi-million-dollar strategic partnership with Lumen Technologies, with Lumen expected to invest over $200 million in Palantir's technology over several years [1][3] Partnership Details - The partnership will integrate Palantir's Foundry and Artificial Intelligence Platform (AIP) with Lumen's edge computing and broadband infrastructure [2] - Lumen aims to transform from a traditional telecom provider to a modern tech infrastructure company, leveraging Palantir's technology to enhance its operations and achieve significant cost reductions [3][4] Financial Impact - Lumen anticipates that the collaboration with Palantir will contribute to achieving $350 million in cost reductions by 2025, as part of a broader goal to reduce expenses by $1 billion by 2027 [3] - The partnership is seen as a material contributor to Lumen's financial strategy, with the company already ahead of its expense reduction plan [3] Broader Context - This partnership is part of Palantir's strategy to expand its reach, having formed 19 partnerships in various sectors including telecom, healthcare, and defense in the current year [5] - Lumen's CEO emphasized the importance of integrating AI into operations to empower businesses to innovate and grow [8]
Rezolve Ai Establishes Global Professional Services Division Amid Surging Demand in $500 Billion Enterprise AI Market
Globenewswire· 2025-06-26 12:00
Core Insights - Rezolve Ai has launched a new global growth platform, Rezolve Ai Professional Services, in response to increased customer demand, achieving over $70 million in annual recurring revenue (ARR) ahead of schedule [1][5]. Company Developments - The new division aims to compete with established professional services firms like Accenture and Scale AI, especially significant as Meta Platforms acquires a 49% stake in Scale AI for $14.3 billion [2][9]. - Sauvik Banerjjee, with over 20 years of experience in technology and consulting, has been appointed as President of Global Professional Services and Chief Digital Officer [3][9]. - The Professional Services division will provide 24/7 support through delivery hubs located in the UK, USA, Europe, and Asia [4]. Market Opportunity - The enterprise AI services market is projected to exceed $500 billion by 2030, presenting a substantial opportunity for Rezolve Ai [2]. - Rezolve Ai currently supports over 50 enterprise customers and engages 16.5 million monthly active users across 42 million devices, indicating strong market traction [6]. Strategic Goals - The mission of the new division is to assist enterprises in transitioning from AI experimentation to full-scale implementation, ensuring measurable results from AI initiatives [5][7]. - The services offered will include C-suite advisory on AI roadmaps, data and architecture readiness assessments, tailored model training, and change management [10].