SLB extends Nvidia's partnership with energy sector to develop AI infrastructure

SLB, an oilfield services company, announced on Wednesday that it would expand its partnership with Nvidia to develop artificial intelligence models and infrastructure for the energy industry.

The agreement builds on the partnership between the two companies, which began in 2008. SLB used Nvidia’s accelerated computing. In 2024 the deal will expand to include the development of?generative AI for the energy industry.

This also reflects a need for the energy industry to process increasing volumes of geological data, production data and infrastructure data faster, as producers seek to reduce costs, improve reliability and lower emissions.

Oilfield contractors like?SLB, are also keen to drive growth through the delivery of power equipment, turbines, and data solutions for data centers, and AI infrastructure related work. This is at a moment when drilling demand has slowed.

SLB, as part of the expanded partnership will?act as a design partner for modular AI Data Centers based on Nvidia Technology and collaborate with?the U.S. Chip Firm to create an "AI Factory for Energy". The platform aims to assist oil and gas producers, power companies and other large data-producing organizations in applying AI.

Vladimir Troy, Vice President of AI Infrastructure for Nvidia said: "Building AI Factory infrastructure and domain model is necessary to transform massive amounts of energy data into actionable insight?and accelerate a more?efficient?and sustainable energy system." (Reporting and editing by Leroy Leo in Bengaluru, Sumit Saha from Bengaluru)

(source: Reuters)