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AI Eye Podcast 690: Stocks discussed: (NYSE: $SLB) (NasdaqGM: $VERI)

Schlumberger Expanding AI Innovation Network in Oslo, and Veritone's Avatar Solution Wins 2022 NAB Award

 

Vancouver, Kelowna, Delta, BC - May 2, 2022 (Investorideas.com Newswire) Investorideas.com, a global investor news source covering Artificial Intelligence (AI) brings you today's edition of The AI Eye - watching stock news, deal tracker and advancements in artificial intelligence.

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AI Eye Podcast 690: Stocks discussed: (NYSE: $SLB) (NasdaqGM: $VERI)

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Today's Column - The AI Eye - Watching stock news, deal tracker and advancements in artificial intelligence

Stocks discussed: (NYSE:SLB) (NasdaqGM:VERI)

Schlumberger Limited (NYSE:SLB) has announced an expansion of its AI INNOVATION FACTORI network in Oslo, Norway. According to the press release, the company's customers will be able "to leverage a single, centralized platform to design, deploy, govern, and manage AI and analytics applications," through Schlumberger's partnership with AI leader Dataiku. Rajeev Sonthalia, president, Digital & Integration, Schlumberger, said:

"At INNOVATION FACTORI, customer teams will benefit from an agile, collaborative development approach with our domain and data science experts to address their strategic demands, such as drilling automation, digital twins for production optimization, and carbon capture and storage modeling. Through INNOVATION FACTORI, customers can turn promising concepts into fully deployed digital solutions that extract maximum value from data to drive a major leap in business performance and, in turn, sustainability."

Veritone, Inc. (NasdaqGM:VERI) has announced that its Avatar solution has been named a 2022 NAB Show Product of the Year Award winner in the Capitalize category for AI and Machine Learning. According to the press release, Veritone Avatar "is part of Veritone's suite of metaverse-ready products and services," and works by humanizing "digital experiences for organizations and individuals in traditional channels or metaverse environments through both its custom, ultra-realistic, 3D avatars and library of existing avatars." Ryan Steelberg, Veritone's President and Co-founder, said:

"Anticipating the proliferation of mobile streaming, the growing trend of blockchain, NFTs and metaverse platforms, as well as the lines blurring between gaming and entertainment, we developed Veritone Avatar to help content creators everywhere reach beyond conventional limitations."

Global AI in Renewable Energy Market to Surpass $75.82B by 2030

A report published by Precedence Research finds that the global AI in Renewable Energy market is projected to grow from $8.24 billion USD in 2021 to more than $75.82 billion by 2030, registering a compound annual growth rate (CAGR) of 27.9 percent from 2021 to 2030. An excerpt from the report's description outlines some major influences on the market's growth:

One of the key factors driving the growth of global artificial intelligence (AI) in renewable energy market is growing demand for electricity in emerging and established regions. The growing need for smarter energy grids is also driving the growth and development of artificial intelligence (AI) in renewable energy in the global market. Another factor that is contributing towards the growing demand of artificial intelligence (AI) in renewable energy sector is digitalization of the energy sector.

Artificial intelligence has helped to identify the bottlenecks of the energy sector. This factor is opening new opportunities for the growth of global artificial intelligence (AI) in renewable energy market. Artificial intelligence uses vast amounts of data and information for analyzing and streamlining processes in the renewable energy sector. All of these aforementioned factors are driving the growth of global artificial intelligence (AI) in renewable energy market during the forecast period.

Sam Mowers, Investorideas.com

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