Palantir Technologies Inc. (NASDAQ:PLTR) is one the Trending AI Stocks on Wall Street. On August 12, the company announced a multi-year expansion of their partnership with SOMPO Holdings, Inc.

SOMPO is using Foundry to revamp its claims process, from fraud detection to payment optimization. The company's underwriters are supported by AI agents that automatically evaluate risk and make recommendations,

Palantir (PLTR) shares closed higher again on Tuesday after the data mining company announced a “multi-year expansion” of its partnership with the Tokyo-based SOMPO Holdings. It’s the second time that PLTR has decided in favor of extending its agreement with the Japanese insurance holding firm following an initial $50 million expansion in 2023.