Palantir and Rio Tinto Renew Enterprise Contract and Extend Access to Palantir’s AI Platform
Palantir Technologies has renewed its multi-year enterprise agreement with Rio Tinto Group for an additional 4 years, extending access to Palantir's AI Platform (AIP). As an early Foundry adopter, Rio Tinto leverages the platform's digital twin capability for various operations, including managing unmanned trains and monitoring geotechnical risks.
In Western Australia, the system coordinates 53 driverless trains carrying iron ore, while in Mongolia, it manages risk at the Oyu Tolgoi mine. The Foundry Ontology integrates data from thousands of sensors, providing a unified view of operations and enabling AI-driven solutions for risk identification, asset management, and supply chain processes.
Palantir Technologies ha rinnovato il suo contratto aziendale pluriennale con il Rio Tinto Group per altri 4 anni, estendendo l'accesso alla piattaforma di intelligenza artificiale di Palantir (AIP). Come uno dei primi adottanti di Foundry, Rio Tinto sfrutta le capacità di digital twin della piattaforma per varie operazioni, tra cui la gestione dei treni senza conducente e il monitoraggio dei rischi geotecnici.
In Australia Occidentale, il sistema coordina 53 treni autonomi che trasportano minerale di ferro, mentre in Mongolia gestisce i rischi presso la miniera di Oyu Tolgoi. L'ontologia di Foundry integra dati provenienti da migliaia di sensori, fornendo una visione unificata delle operazioni e abilitando soluzioni guidate dall'IA per l'identificazione dei rischi, la gestione degli asset e i processi della catena di approvvigionamento.
Palantir Technologies ha renovado su acuerdo empresarial por varios años con el Rio Tinto Group por 4 años adicionales, extendiendo así el acceso a la Plataforma de IA de Palantir (AIP). Como uno de los primeros adoptantes de Foundry, Rio Tinto aprovecha la capacidad de gemelo digital de la plataforma para diversas operaciones, incluyendo la gestión de trenes sin conductor y el monitoreo de riesgos geotécnicos.
En Australia Occidental, el sistema coordina 53 trenes autónomos que transportan mineral de hierro, mientras que en Mongolia gestiona los riesgos en la mina Oyu Tolgoi. La Ontología de Foundry integra datos de miles de sensores, proporcionando una visión unificada de las operaciones y habilitando soluciones impulsadas por IA para la identificación de riesgos, la gestión de activos y los procesos de la cadena de suministro.
팔란티어 테크놀로지스는 리오 틴토 그룹과의 다년간 기업 계약을 4년 추가 연장했습니다. 이를 통해 팔란티어의 AI 플랫폼(AIP)에 대한 접근이 계속됩니다. 초기 Foundry 원칙 사용자로서 리오 틴토는 플랫폼의 디지털 트윈 기능을 활용하여 무인 기차 관리 및 지질학적 위험 모니터링 등 다양한 작업을 수행합니다.
서호주에서는 이 시스템이 철광석을 운반하는 53개의 무인 기차를 조정하고, 몽골에서는 Oyu Tolgoi 광산의 위험을 관리합니다. Foundry 온톨로지는 수천 개의 센서에서 데이터를 통합하여 운영에 대한 통합된 뷰를 제공하고, 위험 식별, 자산 관리 및 공급망 프로세스를 위한 AI 기반 솔루션을 가능하게 합니다.
Palantir Technologies a renouvelé son accord d'entreprise pluriannuel avec le Rio Tinto Group pour une durée supplémentaire de 4 ans, prolongeant ainsi l'accès à la plateforme d'IA de Palantir (AIP). En tant que premier utilisateur de Foundry, Rio Tinto exploite la capacité de jumeau numérique de la plateforme pour diverses opérations, y compris la gestion des trains sans conducteur et la surveillance des risques géotechniques.
En Australie-Occidentale, le système coordonne 53 trains autonomes transportant du minerai de fer, tandis qu'en Mongolie, il gère les risques de la mine Oyu Tolgoi. L'ontologie de Foundry intègre des données provenant de milliers de capteurs, offrant une vue unifiée des opérations et permettant des solutions basées sur l'IA pour l'identification des risques, la gestion des actifs et les processus de la chaîne d'approvisionnement.
Palantir Technologies hat seine mehrjährige Unternehmensvereinbarung mit der Rio Tinto Group um zusätzliche 4 Jahre verlängert, wodurch der Zugriff auf die AI-Plattform von Palantir (AIP) ausgeweitet wird. Als früher Anwender von Foundry nutzt Rio Tinto die digitalen Zwilling-Funktionen der Plattform für verschiedene Operationen, darunter die Verwaltung von unbemannten Zügen und die Überwachung geotechnischer Risiken.
In Westaustralien koordiniert das System 53 fahrerlose Züge, die Eisenerz transportieren, während es in der Mongolei Risiken in der Oyu Tolgoi Mine verwaltet. Die Foundry-Ontologie integriert Daten von Tausenden von Sensoren, bietet eine einheitliche Sicht auf die Abläufe und ermöglicht KI-gesteuerte Lösungen zur Risikobewertung, zum Asset-Management und in den Prozessen der Lieferkette.
- Multi-year contract renewal with major mining company Rio Tinto
- Successful implementation of AI platform in critical mining operations
- Demonstrated operational improvements in railway throughput and safety
- Platform adoption for high-value applications in risk management and asset coordination
- None.
Insights
This contract renewal and AI expansion marks a significant milestone in mining digitalization. The 4-year extension demonstrates strong validation of Palantir's technology by a major mining player. Rio Tinto's successful implementation of Foundry for managing autonomous trains and deep mining operations showcases tangible operational improvements.
The integration of Palantir's AI Platform (AIP) with existing Foundry infrastructure positions both companies for enhanced value creation. Rio Tinto's digital twin architecture provides a robust foundation for AI deployment, potentially accelerating efficiency gains in critical areas like geotechnical risk management and supply chain optimization.
While specific financial terms weren't disclosed, this deal reinforces Palantir's strong position in the industrial AI market and suggests potential for expanded commercial applications. The successful deployment at Rio Tinto serves as a powerful reference case for similar large-scale industrial implementations.
As an early adopter of Palantir Foundry (“Foundry”), Rio Tinto has already primed its operational landscape for the deployment of AI through the creation of a robust digital twin (or “Ontology”). Via the Ontology, AIP will enable Rio Tinto to build, test, and validate AI use cases at an accelerated pace and deploy them to production safely.
These AI use cases will follow and augment critical operational workflows Rio Tinto conducts in Foundry today. From managing plant operations to monitoring geotechnical risk to coordinating dozens of unmanned trains carrying iron ore, Foundry is enabling Rio Tinto to make well-informed decisions and take appropriate actions based on a single, unified source of truth.
“Foundry has helped to transform the parts of our business where it has been applied. In our most high-stakes environments, we are empowering our people to find better ways of working, to improve how we operate our assets, increase performance and to innovate. The Foundry Ontology has made our structured data accessible, and AIP is doing the same for our unstructured data while enabling us to attack with pace problems previously deemed too complex,” says Bold Bataar, Rio Tinto’s Chief Commercial Officer.
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“We have high expectations for Rio Tinto’s utilisation of Palantir’s AI Platform (AIP) based on what they have already achieved with Foundry and their ambition for secure use of AI. The Ontology created by Rio Tinto's team in Foundry over the past three years enables fast deployment of AI solutions to some of Rio Tinto’s most pressing challenges and ensures best and safe operator practice in areas like risk identification, asset management, and supply chain order and fulfilment processes,” says Ted Mabrey, Palantir’s Head of Commercial.
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Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements may relate to, but are not limited to, Palantir’s expectations regarding the amount and the terms of the contract and the expected benefits of our software platforms. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified. Forward-looking statements are based on information available at the time those statements are made and were based on current expectations as well as the beliefs and assumptions of management as of that time with respect to future events. These statements are subject to risks and uncertainties, many of which involve factors or circumstances that are beyond our control. These risks and uncertainties include our ability to meet the unique needs of our customer; the failure of our platforms to satisfy our customer or perform as desired; the frequency or severity of any software and implementation errors; our platforms’ reliability; and our customer’s ability to modify or terminate the contract. Additional information regarding these and other risks and uncertainties is included in the filings we make with the Securities and Exchange Commission from time to time. Except as required by law, we do not undertake any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments, or otherwise.
View source version on businesswire.com: https://www.businesswire.com/news/home/20241112799701/en/
Lisa Gordon
media@palantir.com
Source: Palantir Technologies Inc.
FAQ
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