Palantir just bagged a steel giant as a client

New deal, same Palantir playbook

Palantir just added another industrial name to its customer list: Cleveland-Cliffs. The steelmaker signed a 3-year AI deal with Palantir to modernize operations, which is corporate-speak for “we want the machines, spreadsheets, and human chaos to be a little less chaotic.”

Why investors care

This matters because Palantir’s bull case has always been about turning big, messy organizations into data-driven ones. Steel isn’t exactly the first industry that comes to mind when you think “AI darling,” which is kind of the point — if Palantir can win over a heavy industry operator, the addressable market starts looking a lot bigger than just the usual tech crowd.

The bigger picture

For Palantir, deals like this help reinforce the story that its software has staying power outside of flashy demos and government contracts. If more legacy businesses decide they need an AI operating layer, Palantir gets to keep acting like the cool kid at the lunch table while everyone else is still trying to untangle the cables.

Big picture: this isn’t a revenue explosion by itself, but it’s the kind of partnership that keeps Palantir’s growth narrative looking less like a one-trick pony and more like an expanding software platform.