TLDR
- Palantir announced a strategic partnership with Google Cloud at its annual AIPCon event on Thursday
- The deal integrates Palantir across Google Cloud platforms and makes it available on Google Cloud Marketplace
- Palantir signed a multi-year, multi-million dollar deal with construction firm McCarthy Building Companies
- Palantir also expanded its deal with Mexico’s largest insurer, GNP Seguros, for AI-powered claims and fraud tools
- PLTR stock was little changed in premarket trading following the announcements
Palantir Technologies (PLTR) had a busy Thursday at AIPCon, its annual showcase event, dropping a string of partnership and deal announcements — headlined by a new collaboration with Google Cloud.
Palantir Technologies Inc., PLTR
The Google partnership is the headline act. Palantir will be integrated across Google Cloud platforms and listed on Google Cloud Marketplace. The deal includes two-way data federation between Google’s BigQuery and Palantir’s Foundry platform, as well as two-way semantic exchange between Google’s Knowledge Catalog and Foundry’s Ontology.
There’s also a deeper tie-in between Google’s Gemini AI models and Palantir AIP, letting customers plug AI directly into their operational workflows.
Palantir’s Chief Architect Akshay Krishnaswamy framed it as a natural fit: “Our partnership with Google Cloud marries the years of investments that customers have made into Google’s Knowledge Catalog, BigQuery, and Cloud Storage with the operational force of Foundry and AIP.”
More Deals Land on the Same Day
Beyond Google, Palantir stacked up several other announcements.
Construction firm McCarthy Building Companies signed a multi-year, multi-million dollar deal to use Palantir’s AI Platform to build a connected AI operating system across its entire business.
Mexico’s largest insurance company, GNP Seguros, also signed a multi-year expansion deal. The insurer will use Palantir’s platform to target claims fraud, improve underwriting, and boost claims efficiency.
Palantir also confirmed it signed a deal with law firm Kirkland & Ellis to support private equity fundraising — a deal that had been previously reported.
What the Numbers Say
PLTR stock was little changed in premarket trading after the announcements, with no immediate price pop from the news.
Palantir currently carries a market cap of around $340.9 billion and trades at a P/E ratio of 159.78x — well above historical medians, pricing in heavy future growth expectations.
Revenue growth over the past three years has run at 23.6%, giving the company a growth rank of 9/10 on GuruFocus metrics. Its GF Score sits at 80/100, reflecting solid long-term return potential.
One number that raises eyebrows: insiders have sold $132.8 million worth of stock over the past three months, with zero purchases recorded in the same window.
The AIPCon announcements add to a growing commercial pipeline for Palantir outside its government contracts.
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