Woodside Joins MIT-IBM Watson AI Lab and IBM Q Network

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Woodside and IBM will work together to re-imagine the way work is done using next-generation technologies such as artificial intelligence (AI) and quantum computing to help Woodside realize its vision of an "intelligent plant." Announced today at IBM's Cloud Innovation Exchange in Sydney by Woodside CEO Peter Coleman and IBM Chairman, President and CEO Ginni Rometty, the collaboration will include Woodside becoming a member of the MIT-IBM Watson AI Lab, which is a collaborative industrial-academic laboratory focused on advancing fundamental AI research. Woodside will also join the IBM Q Network, making it the first commercial organization in Australia to join IBM's quantum computing network. Woodside and IBM will use quantum computing to conduct deep computational simulations across the value chain of Woodside's business. During the past five years Woodside and IBM have worked together to implement cognitive solutions, enabling advances in health and safety, planning and operations, and project engineering.