07:07 AM EST, 11/13/2024 (MT Newswires) -- Palantir Technologies ( PLTR ) said Wednesday it has renewed its agreement with the Rio Tinto Group (RIO) for an additional four years.

Financial terms were not disclosed.

Under the agreement, Rio Tinto will maintain access to Palantir's ( PLTR ) artificial intelligence platforms to power its workflows, manage plant operations, monitor risk, and coordinate unmanned trains carrying iron ore.

Shares of the Palantir Technologies ( PLTR ) were down more than 1% in recent Wednesday premarket activity.

Price: 59.24, Change: -1.00, Percent Change: -1.66