Palantir Inks More Than $200 Million Deal With Lumen

Palantir Technologies Inc. will provide AI software to Lumen Technologies Inc. in a new partnership, part of a push by the telecom company to support more AI services, and a bid by Palantir to reach more customers.

Lumen has agreed to spend more than $200 million on Palantir software over a period of several years, according to people familiar with the matter, who asked not to be identified because the terms of the agreement are not public.