Palantir Technologies Inc. announced on Wednesday that it renewed its enterprise contract with the Rio Tinto Group for an additional four years, securing the mining group's continuing access to the Palantir Artificial Intelligence Platform (AIP).
By adopting Palantir Foundry earlier, Rio Tinto's operational environment was already prepared for AI deployment by developing a comprehensive digital twin, Ontology. Through the Ontology, AIP will allow Rio Tinto to quickly build, test, and validate AI use cases and safely implement them in production.
"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 fulfillment processes," Palantir's Head of Commercial Ted Mabrey stated, underlining that his company has "high expectations" for Rio Tinto's use of AIP.
