Tag: Profitability

. Oil and gas companies can benefit from ML tools to meet the dual challenges posed by the Covid-19 pandemic and the Ukraine conflict. ML is the most practical form of AI, estimated to add $16tn to the global economy by 2030. This report reviews ML applications in the oil and gas industry, and explores the advantages of integrating AI to boost production profits and safety. In short, ML and AI technology can revolutionise the oil and gas sector.

. Lemonade has embraced Artificial Intelligence (AI) technology to leave an impression on the insurance industry. With impressive first-quarter earnings and stock surge of 27%, the efficacy of AI to its business strategy is inevitable. Reap the benefits of Lemonade's AI solutions with over a million customers and witness higher-than-normal claim cost, automated process and cost savings with AI-powered models. Take the risk and benefit from AI revolution with the promising revenue results.

. Guardforce AI Co's announcement of a public offering caused their investors to suffer significant losses. Specializing in secured logistics, AI and Robot-as-a-Service (RaaS), the company has exerted a long period of success due to the growth in demand for advanced security and AI technologies. With details of the underwritten offering left undisclosed, investors are concerned of the potential effects on the company's future. However, Uber CEO and members of the company remain optimistic of the potentials of AI and its effect on the company's profitability.

Genies, a web3 avatar startup created by Akash Nigam has invested in AI technology ChatGPT Plus to improve productivity. Akash, who has worked at Microsoft and Andreessen Horowitz, is dedicated to staying ahead with cutting edge technology, using it to debug code, increase speed and save time. Studies show AI can succeed when correctly utilized - investors and users debate its ethicality.

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