Tag: Broadband

AIBusinessSoftware

Palantir and Lumen Forge $200M AI Alliance to Transform Enterprise Services

Palantir Technologies has entered a strategic partnership with telecommunications provider Lumen Technologies to deploy advanced AI platforms across enterprise services. The multi-year agreement, reportedly valued at over $200 million, combines Palantir’s AI software with Lumen’s edge computing infrastructure. This collaboration aims to help large enterprises unlock their data potential and drive operational transformation.

Major AI Partnership Announced

Palantir Technologies has formed a significant strategic partnership with Lumen Technologies that will see the telecommunications company utilizing Palantir’s artificial intelligence platforms to build enhanced enterprise AI services, according to company announcements made Thursday. The multi-year agreement, described by both companies as a “strategic partnership,” represents one of the larger enterprise AI deals in recent months.

by Darren Holt
BusinessStartups

UK Banks Tighten Lending to Alternative Broadband Providers Amid Sector Challenges

Major UK lenders NatWest and Lloyds are reportedly adopting more cautious lending approaches toward alternative broadband providers. The sector faces mounting challenges including high construction costs and slower-than-expected customer adoption rates, according to industry sources.

Banking Giants Restrict Funding to Broadband Challengers

Two of Britain’s largest banks have reportedly scaled back new lending to the UK’s alternative broadband sector, according to sources familiar with the situation. NatWest and Lloyds Banking Group, previously significant backers of the emerging fibre optic industry, are taking a more cautious approach to new clients amid sector-wide challenges.

by Natalie Brooks