Shares of Palantir (PLTR) have risen to a 52-week high after the company expanded its partnership with BP (BP). Matt Babin, head of energy and natural...
). Matt Babin , head of energy and natural resources at Palantir , joins Market Domination to discuss the five-year partnership and what Palantir brings to the energy sector.
Going into the expanded partnership with BP, Babin notes that there is significant competition in energy."There was largely a choice between two ways of working. You could you could go to a hyperscaler and sort of have a horizontal infrastructure system... Or you could buy bespoke software that did one particular thing. And what we do is say you shouldn't have to make that choice. You should be able to scale while also being able to solve specific problems," he explains.
So if you make one decision that changes all of the other options that are available to you, what's new with this extension is layering a I on top of that underlying digital twin model of the entire business got you.One is it connects people who have different area disciplines. Yeah, um, I think the the duration we've been working with them, you know, a decade in and we're we're signing up for five more years, says that these are long term deals.
The most frequent competition that we see are, you know, I think in energy in particular, there was largely a choice between two ways of working.When it went to the cloud and then cobble together individual components of that yourself.And and what we do is say, you shouldn't have to make that choice.You have PhD level experts in all of these component pieces of that work flow.
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