A new AI weather model is already changing how energy is traded

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At midnight every day in Bologna, Italy, rows of supercomputers inside a former tobacco factory start churning through millions of measurements to predict how the Earth’s ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Small Biz#href” href=”https://economictimes.indiatimes.com/topic/weather” target=”_blank”>weather will change.

Six hours later, energy traders all over Europe rise and refresh their browsers to get the most updated outlook. Those mainframe-generated forecasts are often the biggest factor helping them make money by knowing where and when to move energy around the power grid — but a new model that runs on artificial intelligence is threatening to make them…



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A new AI weather model is already changing how energy is traded


At midnight every day in Bologna, Italy, rows of supercomputers inside a former tobacco factory start churning through millions of measurements to predict how the Earth’s ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Small Biz#href” href=”https://economictimes.indiatimes.com/topic/weather” target=”_blank”>weather will change.

Six hours later, energy traders all over Europe rise and refresh their browsers to get the most updated outlook. Those mainframe-generated forecasts are often the biggest factor helping them make money by knowing where and when to move energy around the power grid — but a new model that runs on artificial intelligence is threatening to make them…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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