Schlumberger Unveils Innovative Lumi AI Platform for Energy
Schlumberger Introduces the Lumi AI Platform
Schlumberger (NYSE: SLB) shares are experiencing an uptick as the company debuts its revolutionary Lumi data and AI platform. This innovation is set to weave advanced AI technologies into various workflows throughout the energy sector.
The Advantages of the Lumi Platform
The Lumi platform stands out by providing open and secure access to high-quality data drawn from all energy segments. By fostering collaboration and enhancing decision-making, it empowers companies to utilize insights more effectively. The integration of cutting-edge large language models (LLMs) along with Schlumberger's proprietary models facilitates the widespread adoption of AI within the industry.
Accessibility and Integration
One of the key features of the Lumi platform is its availability through major cloud providers and on-premises solutions, ensuring global access for companies in need of reliable data.
Additionally, the platform's capabilities will significantly bolster Schlumberger's Delfi platform, enhancing reservoir modeling and seismic interpretation while optimizing drilling workflows.
Enhancing Efficiency and Automation
With a firm focus on low-carbon energy solutions, the Lumi platform aims to boost automation and operational efficiency. The integration of advanced technologies from leading partners and Schlumberger's expertise will provide unparalleled data access throughout the energy production cycle.
Expert Insights on Lumi
Rakesh Jaggi, President of Digital and Integration at Schlumberger, emphasized the transformative nature of this platform: “Through the Lumi data and AI platform, we will liberate and contextualize data for our global customers across domains – enabling them to scale advanced AI workflows and accelerate their ongoing digital transformation.”
Investment Opportunities in Schlumberger
For investors interested in gaining exposure to Schlumberger, several options exist, including the VanEck Oil Services ETF (NYSE: OIH) and the iShares U.S. Oil Equipment & Services ETF (NYSE: IEZ).
Current Market Overview
As of the last check on Tuesday, Schlumberger shares have risen by 0.42%, reaching a price of $40.57 in premarket trading.
Frequently Asked Questions
What is the Lumi platform by Schlumberger?
The Lumi platform by Schlumberger is an advanced data and AI solution designed to optimize workflows across the energy industry.
How does Lumi integrate AI into energy operations?
Lumi incorporates large language models and Schlumberger's proprietary models to improve data handling and decision-making.
What benefits does the Lumi platform provide?
The platform enhances collaboration, decision-making, and operational efficiency while allowing secure access to high-quality data.
Where can companies access the Lumi platform?
Companies can access the Lumi platform via major cloud providers or through on-premises installations.
How are SLB shares performing in the market?
Currently, SLB shares are trading positively, with a recent increase of 0.42% reaching $40.57.
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