Palantir Names Nebius Group as Preferred Sovereign AI Infrastructure Partner
On September 8, Palantir Technologies (PLTR) announced that it has selected Nebius Group N.V. (NBIS) as its preferred partner for sovereign AI infrastructure for commercial customers. This partnership extends a model previously used with government agencies and aims to provide clients full control over their data, models, and hardware—key requirements in sectors like finance and defense where public cloud access is restricted. The collaboration addresses concerns raised by Palantir CEO Alex Karp about the risks of AI token pricing models and reliance on third-party clouds. Nebius will integrate its compute infrastructure into Palantir's enterprise systems, enabling customers to deploy open-weight AI models while maintaining control over their data. The partnership also includes plans for modular data centers in locations with secured power supplies. The market reacted strongly: Nebius shares rose sharply following the announcement, reaching a high near $250, whereas Palantir’s stock dipped slightly.
Topics: Artificial Intelligence Cloud Computing Data Sovereignty Partnerships