Palantir Reaches License Deal With Mining Giant Rio Tinto

Palantir Technologies on Thursday said it has signed a “significant” multiyear agreement to license its Foundry analytics platform to mining giant Rio Tinto. Palantir (ticker: PLTR) said Rio Tinto (RIO) will “integrate raw data from a multitude of disparate sources into a representation of critical mining operations.” Rio Tinto said in a statement that the agreement “is an important step in our digital transformation; enabling fast-paced, forward-looking decision making across our operations leading to improved results in safety, cost and production.”

Read more about Palantir’s license deal with mining giant Rio Tinto on Barron’s.

For more see : Palantir Technologies.