Lumen Technologies (NYSE:LUMN) stock rose 5% in premarket trading Thursday following the announcement of a collaboration with Palantir Technologies (NYSE:PLTR) aimed at accelerating the company’s business transformation.
The partnership will integrate Palantir’s Foundry and Artificial Intelligence Platform (AIP) across Lumen’s operations, finance, and technology functions as the company transitions from a traditional telecom provider to a next-generation technology infrastructure firm. The collaboration is designed to streamline workflows, speed decision-making, and simplify complex legacy operations.
Palantir’s software solutions will be applied to multiple areas of Lumen’s business, including customer service, compliance reporting, decommissioning legacy telecom infrastructure, and migrating products into modernized ecosystems. The partnership seeks to drive faster execution and enhanced operational efficiency as Lumen transforms its network and services.
“As Lumen powers the backbone of the AI economy, we’re determined to make our own operations intelligent and efficient, just like the networks we deliver to our customers,” said Dave Ward, chief technology and product officer of Lumen Technologies.
Lumen is leveraging its physical fiber network and digitally powered platform to meet customers’ evolving multi-cloud, AI-ready requirements. The company’s transformation comes as telecommunications providers increasingly focus on modernizing their infrastructure and operations to stay competitive in a rapidly evolving technology landscape.
Lumen Technologies stock price
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