Palantir Technologies (NASDAQ: PLTR) stock rose more than 2% in pre-market trading Friday following the announcement of a partnership with Archer Aviation (NYSE: ACHR) to build an AI foundation for the future of next-gen aviation technologies.
The collaboration will leverage Palantir’s Foundry and AI platform to boost Archer’s aircraft manufacturing capabilities at its Georgia and Silicon Valley sites, advance software development, and foster innovation across the aviation supply chain.
The partnership will focus on developing advanced AI software to improve various aviation systems, including air traffic control, movement control, and route planning, to boost industry efficiency, safety, and affordability.
The deal was officially signed on Thursday during a ceremony at Palantir’s AIPCon event, hosted by co-founder and CEO Alex Karp and Archer founder and CEO Adam Goldstein.
“Palantir’s partnership with Archer is redefining the future of flight, making it not only more efficient but also more accessible,” said Alex Karp. “By integrating Palantir’s advanced AI capabilities with Archer’s innovative approach to aircraft manufacturing and operations, we are setting the stage for a transformative leap in efficiency, safety, and sustainability.”
Adam Goldstein said,
“While the aviation industry has an unmatched level of safety, much of the legacy technology supporting the industry has only incrementally advanced. AI and software present an inflection point that will shape the future of aviation. We’re proud to be partnering with Dr. Karp and the entire Palantir team to build the AI backbone for the next generation of aviation.”
