Palantir Reportedly Lands $200M Deal With Lumen: Alex Karp Says It's All About Accelerating Transformation, And 'Making Lots Of Money'

The Palantir Technologies logo is displayed on a mobile phone in this photo illustration in Brussels, Belgium, on August 6, 2025.
The Palantir Technologies logo is displayed on a mobile phone in this photo illustration in Brussels, Belgium, on August 6, 2025. (Photo by Jonathan Raa/NurPhoto via Getty Images)
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Updated Oct 23, 2025   |   8:47 AM GMT-04
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  • According to a Bloomberg News report, citing people familiar with the matter, Lumen has committed to investing over $200 million in Palantir's software for several years.
  • The deal is an attempt by Lumen to support more AI services and for Palantir to reach more customers, the report added.
  • It noted that Lumen has been looking to move away from a traditional telecommunications provider to a more technology infrastructure company.

Palantir Technologies (PLTR) is reportedly set to provide artificial intelligence (AI) software to Lumen Technologies (LUMN) as part of a new collaboration and an attempt by the latter to support more AI services.

According to a Bloomberg News report, citing people familiar with the matter, Lumen has committed to investing over $200 million in Palantir's software for several years. The report added that this is an effort by Palantir to reach more customers.

Shares of Palantir fell nearly 1% in premarket trading, and Lumen’s stock jumped about 3%.

Executives Take On The Deal

The report noted that Lumen has been looking to move away from a traditional telecommunications provider to a more technology infrastructure company.

The deal represents “Palantir helping us with our transformation, and as part of that, going to market together and driving the same for our joint customers,” said Lumen Chief Executive Officer Kate Johnson.

Palantir CEO Alex Karp told Bloomberg that the partnership will be about “accelerating the transformation, and making lots of money.”

According to the report, Johnson said she began working with Palantir shortly after Karp visited her office in the fall of 2024, saying that the company could help Lumen save more money and more quickly effect a turnaround.

She added that Palantir plays a “very material” role in the $1 billion in cost savings that Lumen is targeting by the end of 2027. Johnson noted that the work with Palantir was one of the reasons why the company raised its cost-cutting target to $350 million from $250 million by the end of 2025.

Boost To Palantir’s Commercial Business

The report added that Lumen plans to use Palantir’s AI software to enhance the management and operation of its networks and services, while also helping its clients use Palantir.

Bloomberg noted that the deal bolsters Palantir's commercial business, which is growing faster than its defense and national security work but is less well-known.

Retail sentiment on Palantir remained unchanged in the ‘bearish’ territory, while that of Lumen also remained unchanged in the ‘bearish’ territory.

Shares of Palantir have soared 132% this year, and Lumen’s stock has gained about 33% year-to-date.

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Also See: Alibaba’s AI Glasses To Be Priced At $659, Pre-Sale On October 24 On Its E-commerce Platform Tmall: Report

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