Investing.com -- Innodata Inc (NASDAQ:INOD) stock jumped 13.8% Thursday after the company announced it has been selected to provide training data and data engineering services to Palantir Technologies (NYSE:PLTR), supporting Palantir’s AI-enabled platforms for rodeo event analysis.
The data engineering company will deliver specialized annotation and data engineering for thousands of hours of rodeo video footage, enabling computer vision models to detect animals, riders, and skeleton joints for automated performance metrics in various rodeo events. Innodata will also provide multimodal data engineering and generative-AI workflow support for select Palantir programs.
Dimitrios Lymperopoulos, Head of Machine Learning at Palantir, highlighted the importance of the partnership, stating, "Innodata’s high-quality training data and data engineering expertise can help us to scale these capabilities with the accuracy, rigor, and operational excellence our customers demand."
The collaboration focuses on processing complex data modalities including video, imagery, documents, and multimodal sensor data with the precision and security standards required by Palantir’s customers. Innodata teams will work directly within Palantir’s development and deployment workflows.
Vinay Malkani, Senior Vice President at Innodata Federal, noted that the partnership "reinforces Innodata’s role as a trusted data engineering partner to the world’s leading AI companies."
The agreement reflects growing demand for high-quality data engineering capabilities as artificial intelligence becomes increasingly central to enterprise operations and national competitiveness, particularly for deployments in high-stakes environments requiring precision and security.
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