Palantir Inks More Than $200 Million Deal With Lumen

Palantir Technologies Inc. will provide AI software to Lumen Technologies Inc. in a new partnership, part of a push by the telecom company to support more AI services, and a bid by Palantir to reach more customers.

Lumen has agreed to spend more than $200 million on Palantir software over a period of several years, according to people familiar with the matter, who asked not to be identified because the terms of the agreement are not public.

Lumen is working to transform itself from a traditional telecommunications provider into a technology infrastructure company. The latest deal represents “Palantir helping us ...