HD Hyundai and Palantir Collaborate on AI-Powered Shipyards and Defense Solutions

HD Hyundai Executive Vice Chairman Chung Kisun meets with Palantir CEO Alex Karp to discuss 'AI Shipyard' By Investing.com

SEOUL, South Korea, March 9, 2025 /PRNewswire/ -- HD Hyundai Executive Vice Chairman Chung Kisun met with Palantir Technologies Inc. CEO Alex Karp to discuss the project on building AI shipyards. HD Hyundai shared that Chung recently visited Palantir's Washington, D.C., office to meet with Karp. At the meeting, the two shared the progress of the AI shipyard project, which is currently underway, and discussed how the two companies could also cooperate in the defense sector going forward. The two companies agreed that their collaboration can significantly enhance security capabilities of both the United States and South Korea, and that AI-based defense solutions will become an important element of each country's national security strategy in the future. HD Hyundai has been working with Palantir on the Future of Shipyard (FOS) project since 2021. FOS refers to a future state-of-the-art shipyard that is equipped with digital technologies such as data, virtual and augmented reality, robotics, automation, and artificial intelligence (AI). HD Hyundai plans to complete the final phase of the FOS project, the construction of an 'Intelligent Autonomous Operating Shipyard' in 2030, with the goal of achieving a 30% improvement in productivity and a 30% reduction in construction period. In addition, HD Hyundai has been jointly developing the unmanned surface vessel (USV) 'TENEBRIS' with Palantir since last September, and is continuing collaborations with HD Hyundai Infracore. Chung also appeared in a promotional video for Palantir that was shown at the World Economic Forum Annual Meeting 2025 (Davos Forum) in Davos in January, where he introduced the blueprint of HD Hyundai's future shipyard. "Chung is currently visiting the United States to attend CERA Week, the world's largest energy event, which is scheduled to be held in Houston, Texas, from the 10th to the 14th this month," said an official of HD Hyundai.

Palantir CEO Alex Karp Meets Hyundai Vice Chair to Enhance AI Shipyard, Defense Collaboration Amid Trump's Call for US Shipbuilding Revival - Palantir Technologies (NASDAQ:PLTR)

Earlier this month, top executives from South Korea's shipbuilding conglomerate Hyundai Heavy Industries Group and Palantir Technologies PLTR met to push forward AI-driven shipyard innovation and future defense capabilities. What Happened: HD Hyundai executive vice Chairman Chung Kisun visited Washington, D.C., to meet with Palantir CEO Alex Karp and discuss the companies' ongoing collaboration on building an AI-powered shipyard. The two leaders reviewed the progress of their "Future of Shipyard" (FOS) initiative, launched in 2021, and explored potential defense-related applications of artificial intelligence. According to HD Hyundai, the companies agreed that AI-based defense solutions could play a pivotal role in national security strategies for both South Korea and the U.S. Chung's visit comes as part of his U.S. tour to attend CERA Week, the major global energy conference taking place in Houston from March 10-14. See Also: Palantir Delivers AI-Powered Battle Stations To US Army, Stock Now Comparable To Tesla Circa 2015: Analyst Why It's Important: The FOS project aims to complete the construction of an intelligent, autonomous shipyard by 2030, targeting a 30% boost in productivity and a 30% reduction in construction time. In addition, the companies are co-developing an unmanned surface vessel (USV) named "TENEBRIS," and collaborating through HD Hyundai Infracore. This deepening partnership comes at a time of strong momentum for Palantir. Last month, the company reported fourth-quarter revenue of $827.52 million, beating analyst expectations of $775.91 million. With this, Palantir has topped analyst projections for six consecutive quarters, with U.S. revenue rising 52% year-over-year. Its U.S. commercial business surged 64%, while government revenue increased 45%. Meanwhile, on Sunday, VOA reported that the U.S. Navy's fleet is shrinking despite efforts to expand, with more ships being decommissioned than built. Meanwhile, China's fleet is rapidly growing. Major shipbuilders like BAE Systems and Huntington Ingalls Industries are operating below capacity due to inconsistent Navy contracts and budget delays. Meanwhile, President Donald Trump has vowed to create a new White House office to boost U.S. military and commercial shipbuilding. Price Action: Palantir shares closed 5.52% higher at $84.90 on Friday but dipped 0.098% in after-hours trading, according to Benzinga Pro. Image via Shutterstock Also Read: Analysts Highlight Credo Hyperscaler Partnerships With Amazon, Microsoft, xAI Amid AI Boom Disclaimer: This content was partially produced with the help of Benzinga Neuro and was reviewed and published by Benzinga editors. PLTRPalantir Technologies Inc$84.825.42%Stock Score Locked: Want to See it? Benzinga Rankings give you vital metrics on any stock - anytime. Reveal Full ScoreEdge RankingsMomentum99.00Growth37.35Quality-Value3.05Price TrendShortMediumLongOverviewMarket News and Data brought to you by Benzinga APIs