Enterprise artificial intelligence (AI) is an emerging industry. Offering software-as-a-service (SaaS) is now incredibly common among technology companies, but C3.ai (NYSE:AI) has blazed a new trail by providing its customers with foundational AI tools on a subscription basis. With 4.8 million artificial intelligence models delivering 1.5 billion predictions per day, it's the biggest player in what is still a small game. However, its impressive customer list suggests the company is punching well above its weight. C3.ai serves dozens of industries, but oil and gas is one of the most notable -- and a collaborative effort with Baker Hughes (NYSE:BKR) might be a looking glass into what this company is really capable of. In a world where many investors are shunning industries known to cause social or environmental harm, it's not surprising that oil and gas companies have fallen out of favor.

The oil and gas industry is turning to AI to help cut operating costs, predict equipment failure, and increase oil and gas output. A faulty well pump at an unmanned platform in the North Sea disrupted production in early 2019 for Aker BP, a Norwegian oil company, according to an account in the Wall Street Journal. The company installed an AI program that monitors data from sensors on the pump, flagging glitches before they can cause a shutdown, stated Lars Atle Andersen, VP of operations for the firm. Now he flies in engineers to fix such problems ahead of time and prevent a shutdown, he stated. Aker BP employed a solution from SparkCognition of Austin, Texas.

There are plenty of tools and point solutions that address bits and pieces of the challenge of delivering artificial intelligence (AI) and Internet of things (IoT) applications. C3.ai's focus is on delivering an end-to-end platform for developing, deploying and running these applications in production at scale. Whether customers use every aspect of the C3.ai platform or not, big enterprise-scale companies seem to be attracted by that promise of quickly developing and running innovative, data-driven applications at scale. There was plenty of evidence of that fact at C3.ai's February 25-27 Transform conference in San Francisco, where customers including Bank of America, Shell, 3M and Engie detailed their deployments. C3.ai's cloud-first platform is comprehensive, addressing the needs of developers, data engineers and data scientists, and the operational teams challenged with bringing applications into production at scale.

ARMONK, NY & REDWOOD CITY, CA – February 27, 2020 – IBM (NYSE: IBM) and C3.ai, a leading enterprise AI software provider, today announced a global strategic alliance to bring enterprise artificial intelligence (AI) solutions across industries globally. With the combined expertise of the IBM Services global delivery network and C3.ai's platform, this alliance is designed to help fast-track the delivery of enterprise-scale industry and domain specific AI applications, shorten the time to value and accelerate the scaling of mission-critical solutions. Under the terms of the agreement, IBM will become the first preferred global systems integrator for the C3.ai platform. "It takes a sophisticated ecosystem of partners to help companies realize the promise and opportunity of digital transformation," said Thomas M. Siebel, CEO, C3.ai. "C3.ai and IBM Services offer a powerful platform for companies seeking to dramatically reduce cost and risk, accelerate deployment, and quickly generate financial returns from their digital transformation programs."

FOX Business' Charles Payne covers artificial intelligence and genetic editing and says Hollywood movies often dramatizing these cutting-edge technologies when we should actually be embracing and investing in companies that develop them. Artificial intelligence can help companies increase their efficiency, reduce their carbon footprint and help keep workers safe, according to engineering experts. Now, Microsoft is partnering with energy industry tech company Baker Hughes and AI developer C3.ai to bring enterprise AI technology to the energy industry via its Azure cloud computing platform. The companies said their alliance would allow customers to streamline the adoption of AI designed to address issues like inventory, energy management, predictive maintenance and equipment reliability. "For the energy industry, this is a time of significant transformation and forward-thinking companies are exploring how to leverage technology to make their operations cleaner, safer and more efficient," said Judson Athoff, EVP of Microsoft's worldwide commercial business, in a press release.

The oil and natural gas industry is turning to artificial intelligence technology to save billions of dollars in maintenance and production costs. Houston oilfield services company Baker Hughes, tech giant Microsoft and Silicon Valley artificial intelligence company C3.ai have signed an agreement to develop and deploy the technology for industry customers around the globe, the companies said Tuesday. In the oil field, artificial intelligence technology is being used to compile massive amounts of data transmitted by sensors and so-called smart equipment, look for patterns, make predictions and inform decisions by operators. "Companies that adopt this technology will be the next Amazon, and those that don't adopt will be the next Sears," Tom Siebel, C3.ai founder and CEO, said in an interview. Baker Hughes and C3.ai launched a joint venture in June to deploy artificial intelligence in the oil patch.

Microsoft (NasdaqGS:MSFT), Baker Hughes Company (NYSE:BKR) and AI software provider C3.ai, have allied to bring enterprise artificial intelligence solutions to the energy industry on Microsoft Azure. According to the press release, the alliance "leverages the significant energy technology expertise of Baker Hughes, C3.ai's proven AI platform and applications, and the Microsoft Azure cloud computing platform" to "streamline the adoption of scalable AI solutions for the energy industry that help promote safety, reliability, and sustainability". "We are witnessing a massive market shift as oil and gas businesses undergo enterprise-level digital transformation to improve efficiencies and increase safety, while simultaneously reducing environmental impact. With Microsoft's global reach and horizontal cloud platform, Baker Hughes's technology domain expertise, and C3.ai's industrial AI capabilities, organizations can rapidly improve core business operations and better serve customers with AI-enabled products and services. This strategic alliance is a complete game-changer for the industry."

WIRE)--Baker Hughes, a GE company (NYSE:BHGE) and C3.ai today announced the launch of BHC3 Reliability, the first artificial intelligence (AI) software application developed by the BakerHughesC3.ai Unveiled at BHGE's annual digital conference, UNIFY2019, the now generally available application uses deep learning predictive models, natural language processing, and machine vision to continuously aggregate data from plant-wide sensor networks, enterprise systems, maintenance notes, and piping and instrumentation schematics. Using historical and real-time data from entire systems, the BHC3 Reliability machine learning models identify anomalous conditions that lead to equipment failure and process upsets. Application alerts enable proactive action by operators to reduce downtime and lost revenue. Applicable to operations across all sectors of the energy value chain, BHC3 Reliability's system-of-systems approach scales to any number of assets and processes across offshore and onshore platforms, compressor stations, refineries, and petrochemical plants, reducing downtime and increasing productivity.

Analytics has evolved from the basics -- visualizations, historicals and dashboards -- to the more complex with recommendations and predictions of outcomes. Now it's time to step it up and get prescriptive. The next wave of IT innovation will be powered by artificial intelligence and machine learning. We look at the ways companies can take advantage of it and how to get started. Baker Hughes, a GE-owned oil and gas company, and C3.ai said the first application of its joint venture is generally available.

NVIDIA's (NASDAQ: NVDA) graphics processing unit (GPU)-based approach to high-performance computing and deep learning, a category of artificial intelligence (AI) in which machines are trained to make inferences from data the way humans do, has begun making inroads into the global oil and gas industry. This is great news for investors, as this is a multitrillion-dollar industry that forms the foundation of the global economy. While renewable forms of energy have been steadily displacing fossil fuels to generate electricity and electric vehicles (EVs) have begun lessening the transportation industry's ravenous appetite for petroleum products, full transformations of these realms will take decades. Moreover, beyond being used to produce just about everything, oil derivatives are key ingredients in products ranging from plastics and fertilizers to the asphalt that paves our roads and the synthetic fibers that clothe many of us. In 2018, NVIDIA has announced two wins in the oil and gas space.