Palantir Technologies Inc. has entered into a significant new software agreement with South Korean shipbuilding giant HD Hyundai. Announced at the World Economic Forum in Davos, the multi-year pact is reportedly valued in the hundreds of millions of dollars, marking a major expansion of the collaboration between the two companies.

This new agreement builds upon a partnership that began in 2021. By leveraging Palantir's software, HD Hyundai has reported an approximate 30% increase in manufacturing speed for its shipbuilding operations, demonstrating significant results from the existing cooperation.