Mentioned:
One of the giants of the European energy business has built something new: a supercomputer.
What’s happening:
- Italian oil and gas giant Eni (NYSE: E) has launched a new supercomputer aiming to revolutionize oil and gas discoveries
Why it matters:
- Eni’s new supercomputer represents a large paradigm shift in how the energy business may embrace artificial intelligence and machine learning to make new discoveries as well as accelerate their efforts to reduce their carbon emissions
- Supercomputers have been playing a highly important role in accelerating artificial intelligence breakthroughs, which is notably what led Elon Musk’s xAI to raise their latest multi billion dollar financing round
By the numbers:
- Eni’s new supercomputer uses 14,000 individual GPUs and cost over €100M to build
- Eni is hosting their new supercomputer in a data centre that is partially powered by a 1 megawatt photovoltaic plant
Going deeper:
- Bringing artificial intelligence into natural resources has been an emerging trend, with Bill Gates backed KoBold Metals just recently raising a fresh half a billion dollars in venture capital funding to leverage machine learning for making new discoveries of critical minerals such as copper
