Palantir Technologies Inc announced on Wednesday it signed a deal valued at $20 million over five years to expand its partnership with South Korea's Hyundai Heavy Industries Group , one of the world's largest shipbuilding conglomerates.
The conglomerate's shipbuilding affiliates including Hyundai Heavy
Companies in the export-driven economy, faced with supply chain snarls and volatility for raw material prices, are increasingly seeking to make interconnected decisions with their data that help get immediate results in weeks, Sankar said."The operators... understand this in their stomach," he added. "These are companies that have global operations."
Palantir is also actively working to extend partnerships with South Korea's government as well as private sectors, and has formally opened an office in Seoul.
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