Palantir ripped as much as 15% higher on Monday after the company unveiled a partnership with IBM on a business-focused artificial intelligence product. The analytics giant plans to pair its app-building platform with IBM's cloud-data service to create an AI tool for businesses, according to a press release. The collaboration is expected to help businesses access and analyze swaths of cloud data without the need for deep technical know-how. The firms aim to roll out the product in March.
Palantir leaps 15% after revealing partnership with IBM on artificial-intelligence applications