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Palnatir Applied sciences CEO Alex Karp, left, greets HD Hyundai Chairman Chung Ki-sun on the U.S. agency’s workplace area for the World Financial Discussion board’s annual assembly in Davos, Switzerland, Tuesday (native time). Captured from Palantir Applied sciences’ Linkedin account
HD Hyundai mentioned Wednesday it signed an settlement with Palantir Applied sciences for extra purchases of the U.S. firm’s software program, aiming to increase a data-driven resolution making system throughout the group.
The 2 firms signed the contract throughout a high-level assembly on the sidelines of the annual World Financial Discussion board within the Swiss city of Davos this week. The deal is estimated to be value a whole lot of thousands and thousands of {dollars}, although each firms have stored its phrases confidential.
Particularly, HD Hyundai plans to collectively set up a “Heart of Excellence” with Palantir to systematically embed superior knowledge analytics and synthetic intelligence (AI) capabilities throughout the group, whereas securing sustainable progress engines to assist AI-driven innovation.
They emphasised that their alliance broadens platform entry and collaboration throughout the total spectrum of HD Hyundai’s enterprise, together with electrical programs, robotics and marine aftermarket providers. Since Palantir started partnering with HD Hyundai Oilbank in 2021, the Korean conglomerate has deployed the U.S. tech agency’s huge knowledge options and AI platform throughout its core companies.
“This expanded strategic partnership marks an vital turning level in connecting knowledge and workflows throughout HD Hyundai right into a single, cohesive system, enabling quicker and extra refined resolution making,” HD Hyundai Chairman and CEO Chung Ki-sun mentioned. “Palantir is a companion with globally confirmed capabilities in knowledge integration, operational optimization and AI-driven analytics, and can add power in executing HD Hyundai’s digital transformation.”
HD Hyundai Chairman Chung Ki-sun, proper, talks with Palantir Applied sciences CEO Alex Karp on the U.S. agency’s workplace in Washington, March 2025. Courtesy of HD Hyundai
Palantir additionally mentioned it’s proud to increase its partnership with its largest and oldest collaborator in Korea.
“HD Hyundai is a pioneering power in world trade, and the numerous growth of our partnership marks an thrilling new chapter,” Palantir CEO Alex Karp mentioned. “We’re dedicated to advancing our strategic collaboration and driving the group’s competitiveness, and we look ahead to proceed constructing collectively.”
In line with HD Hyundai, its chairman attended key official classes in Davos and held wide-ranging discussions on varied subjects together with trade transformation pushed by AI. He’s additionally scheduled to attend the Oil & Fuel Governors Assembly to change views on adjustments within the world vitality market, vitality transition, vitality safety and technological innovation.
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