Palantir signs strategic partnership with UK, to invest up to GBP 1.5B

The UK’s government signed a new partnership with Palantir (PLTR) that it says will unlock billions in investment and deliver on the Government’s Plan for Change. It will see Palantir invest up to GBP 1.5bn to help make the UK a defense innovation leader and create up to 350 new jobs, making defense an engine for growth. The new partnership will help the UK military develop the latest digital tools and harness AI technology to accelerate decision making, improve targeting and keep the British people safe from evolving threats. Palantir has also announced plans for London to become the base for Palantir’s European defense business, establishing Britain as a hub for defense technology innovation across Europe, according to a statement. Defense Secretary John Healey MP said: “This partnership is a major vote of confidence in UK leadership in defense, data and AI technology and as an ideal location for companies to invest and expand.” Palantir CEO Alex Karp said: “This partnership reflects our deep commitment to the UK. It will see up to GBP 750m invested in the most advanced AI-enabled defense technology, honed on the battlefield in Ukraine and used extensively by the US and NATO. It will reinforce the UK’s position as a major military force protecting the West from our adversaries. And it will underline the UK’s status as our largest presence outside of the US.”