Generative AI Will Have Profound Impact Across Sectors – Rigzone News
Generative AI will have a profound impact across industries.
Thats what Amazon Web Services (AWS) believes, according to Hussein Shel, an Energy Enterprise Technologist for the company, who said Amazon has invested heavily in the development and deployment of artificial intelligence and machine learning for more than two decades for both customer-facing services and internal operations.
We are now going to see the next wave of widespread adoption of machine learning, with the opportunity for every customer experience and application to be reinvented with generative AI, including the energy industry, Shel told Rigzone.
AWS will help drive this next wave by making it easy, practical, and cost-effective for customers to use generative AI in their business across all the three layers of the technology stack, including infrastructure, machine learning tools, and purpose-built AI services, he added.
Looking at some of the applications and benefits of generative AI in the energy industry, Shel outlined that AWS sees the technology playing a pivotal role in increasing operational efficiencies, reducing health and safety exposure, enhancing customer experience, minimizing the emissions associated with energy production, and accelerating the energy transition.
For example, generative AI could play a pivotal role in addressing operational site safety, Shel said.
Energy operations often occur in remote, and sometimes hazardous and risky environments. The industry has long-sought solutions that help to reduce trips to the field, which directly correlates to reduced worker health and safety exposure, he added.
Generative AI can help the industry make significant strides towards this goal. Images from cameras stationed at field locations can be sent to a generative AI application that could scan for potential safety risks, such as faulty valves resulting in gas leaks, he continued.
Shel said the application could generate recommendations for personal protective equipment and tools and equipment for remedial work, highlighting that this would help to eliminate an initial trip to the field to identify issues, minimize operational downtime, and also reduce health and safety exposure.
Another example is reservoir modeling, Shel noted.
Generative AI models can be used for reservoir modeling by generating synthetic reservoir models that can simulate reservoir behavior, he added.
GANs are a popular generative AI technique used to generate synthetic reservoir models. The generator network of the GAN is trained to produce synthetic reservoir models that are similar to real-world reservoirs, while the discriminator network is trained to distinguish between real and synthetic reservoir models, he went on to state.
Once the generative model is trained, it can be used to generate a large number of synthetic reservoir models that can be used for reservoir simulation and optimization, reducing uncertainty and improving hydrocarbon production forecasting, Shel stated.
These reservoir models can also be used for other energy applications where subsurface understanding is critical, such as geothermal and carbon capture and storage, Shel said.
Highlighting a third example, Shel pointed out a generative AI based digital assistant.
Data access is a continuous challenge the energy industry is looking to overcome, especially considering much of its data is decades old and sits in various systems and formats, he said.
Oil and gas companies, for example, have decades of documents created throughout the subsurface workflow in different formats, i.e., PDFs, presentations, reports, memos, well logs, word documents, and finding useful information takes a considerable amount of time, he added.
According to one of the top five operators, engineers spend 60 percent of their time searching for information. Ingesting all of those documents on a generative AI based solution augmented by an index can dramatically improve data access, which can lead to making better decisions faster, Shel continued.
When asked if the thought all oil and gas companies will use generative AI in some way in the future, Shel said he did, but added that its important to stress that its still early days when it comes to defining the potential impact of generative AI on the energy industry.
At AWS, our goal is to democratize the use of generative AI, Shel told Rigzone.
To do this, were providing our customers and partners with the flexibility to choose the way they want to build with generative AI, such as building their own foundation models with purpose-built machine learning infrastructure; leveraging pre-trained foundation models as base models to build their applications; or use services with built-in generative AI without requiring any specific expertise in foundation models, he added.
Were also providing cost-efficient infrastructure and the correct security controls to help simplify deployment, he continued.
The AWS representative outlined that AI applied through machine learning will be one of the most transformational technologies of our generation, tackling some of humanitys most challenging problems, augmenting human performance, and maximizing productivity.
As such, responsible use of these technologies is key to fostering continued innovation, Shel outlined.
AWS took part in the Society of Petroleum Engineers (SPE) International Gulf Coast Sections recent Data Science Convention event in Houston, Texas, which was attended by Rigzones President. The event, which is described as the annual flagship event of the SPE-GCS Data Analytics Study Group, hosted representatives from the energy and technology sectors.
Last month, in a statement sent to Rigzone, GlobalData noted that machine learning has the potential to transform the oil and gas industry.
Machine learning is a rapidly growing field in the oil and gas industry, GlobalData said in the statement.
Overall, machine learning has the potential to improve efficiency, increase production, and reduce costs in the oil and gas industry, the company added.
In a report on machine learning in oil and gas published back in May, GlobalData highlighted several key players, including BP, ExxonMobil, Gazprom, Petronas, Rosneft, Saudi Aramco, Shell, and TotalEnergies.
Speaking to Rigzone earlier this month, Andy Wang, the Founder and Chief Executive Officer of data solutions company Prescient, said data science is the future of oil and gas.
Wang highlighted that data sciences includes many data tools, including machine learning, which he noted will be an important part of the future of the sector. When asked if he thought more and more oil companies would adopt data science, and machine learning, Wang responded positively on both counts.
Back in November 2022, OpenAI, which describes itself as an AI research and deployment company whose mission is to ensure that artificial general intelligence benefits all of humanity, introduced ChatGPT. In a statement posted on its website on November 30 last year, OpenAI said ChatGPT is a sibling model toInstructGPT, which is trained to follow an instruction in a prompt and provide a detailed response.
In April this year, Rigzone looked at how ChatGPT will affect oil and gas jobs. To view that article, click here.
To contact the author, emailandreas.exarheas@rigzone.com
Go here to read the rest:
Generative AI Will Have Profound Impact Across Sectors - Rigzone News
- How much time do we have before Artificial General Intelligence (AGI) to turns into Artificial Self-preserving - The Times of India - November 5th, 2024 [November 5th, 2024]
- Simuli to Leap Forward in the Trek to Artificial General Intelligence through 2027 Hyperdimensional AI Ecosystem - USA TODAY - November 5th, 2024 [November 5th, 2024]
- Implications of Artificial General Intelligence on National and International Security - Yoshua Bengio - - October 31st, 2024 [October 31st, 2024]
- James Cameron says the reality of artificial general intelligence is 'scarier' than the fiction of it - Business Insider - October 31st, 2024 [October 31st, 2024]
- James Cameron says the reality of artificial general intelligence is 'scarier' than the fiction of it - MSN - October 31st, 2024 [October 31st, 2024]
- Bot fresh hell is this?: Inside the rise of Artificial General Intelligence or AGI - MSN - October 31st, 2024 [October 31st, 2024]
- Artificial General Intelligence (AGI) Market to Reach $26.9 Billion by 2031 As Revealed In New Report - WhaTech - September 26th, 2024 [September 26th, 2024]
- 19 jobs artificial general intelligence (AGI) may replace and 10 jobs it could create - MSN - September 26th, 2024 [September 26th, 2024]
- Paige Appoints New Leadership to Further Drive Innovation, Bring Artificial General Intelligence to Pathology, and Expand Access to AI Applications -... - August 16th, 2024 [August 16th, 2024]
- Artificial General Intelligence, If Attained, Will Be the Greatest Invention of All Time - JD Supra - August 11th, 2024 [August 11th, 2024]
- OpenAI Touts New AI Safety Research. Critics Say Its a Good Step, but Not Enough - WIRED - July 22nd, 2024 [July 22nd, 2024]
- OpenAIs Project Strawberry Said to Be Building AI That Reasons and Does Deep Research - Singularity Hub - July 22nd, 2024 [July 22nd, 2024]
- One of the Best Ways to Invest in AI Is Dont - InvestorPlace - July 22nd, 2024 [July 22nd, 2024]
- OpenAI is plagued by safety concerns - The Verge - July 17th, 2024 [July 17th, 2024]
- OpenAI reportedly nears breakthrough with reasoning AI, reveals progress framework - Ars Technica - July 17th, 2024 [July 17th, 2024]
- ChatGPT maker OpenAI now has a scale to rank its AI - ReadWrite - July 17th, 2024 [July 17th, 2024]
- Heres how OpenAI will determine how powerful its AI systems are - The Verge - July 17th, 2024 [July 17th, 2024]
- OpenAI may be working on AI that can perform research without human help which should go fine - TechRadar - July 17th, 2024 [July 17th, 2024]
- OpenAI has a new scale for measuring how smart their AI models are becoming which is not as comforting as it should be - TechRadar - July 17th, 2024 [July 17th, 2024]
- OpenAI says there are 5 'levels' for AI to reach human intelligence it's already almost at level 2 - Quartz - July 17th, 2024 [July 17th, 2024]
- AIs Bizarro World, were marching towards AGI while carbon emissions soar - Fortune - July 17th, 2024 [July 17th, 2024]
- AI News Today July 15, 2024 - The Dales Report - July 17th, 2024 [July 17th, 2024]
- The Evolution Of Artificial Intelligence: From Basic AI To ASI - Welcome2TheBronx - July 17th, 2024 [July 17th, 2024]
- What Elon Musk and Ilya Sutskever Feared About OpenAI Is Becoming Reality - Observer - July 17th, 2024 [July 17th, 2024]
- Companies are losing faith in AI, and AI is losing money - Android Headlines - July 17th, 2024 [July 17th, 2024]
- AGI isn't here (yet): How to make informed, strategic decisions in the meantime - VentureBeat - June 16th, 2024 [June 16th, 2024]
- Apple's AI Privacy Measures, Elon Musk's Robot Prediction, And More: This Week In Artificial Intelligence - Alphabet ... - Benzinga - June 16th, 2024 [June 16th, 2024]
- AGI and jumping to the New Inference Market S-Curve - CMSWire - June 16th, 2024 [June 16th, 2024]
- Apple's big AI announcements were all about AI 'for the rest of us'Google, Meta, Amazon and, yes, OpenAI should ... - Fortune - June 16th, 2024 [June 16th, 2024]
- Elon Musk Withdraws His Lawsuit Against OpenAI and Sam Altman - The New York Times - June 16th, 2024 [June 16th, 2024]
- Staying Ahead of the AI Train - ATD - June 16th, 2024 [June 16th, 2024]
- OpenAI disbands its AI risk mitigation team - - May 20th, 2024 [May 20th, 2024]
- BEYOND LOCAL: 'Noise' in the machine: Human differences in judgment lead to problems for AI - The Longmont Leader - May 20th, 2024 [May 20th, 2024]
- Machine Learning Researcher Links OpenAI to Drug-Fueled Sex Parties - Futurism - May 20th, 2024 [May 20th, 2024]
- What Is AI? How Artificial Intelligence Works (2024) - Shopify - May 20th, 2024 [May 20th, 2024]
- Vitalik Buterin says OpenAI's GPT-4 has passed the Turing test - Cointelegraph - May 20th, 2024 [May 20th, 2024]
- "I lost trust": Why the OpenAI team in charge of safeguarding humanity imploded - Vox.com - May 18th, 2024 [May 18th, 2024]
- 63% of surveyed Americans want government legislation to prevent super intelligent AI from ever being achieved - PC Gamer - May 18th, 2024 [May 18th, 2024]
- Top OpenAI researcher resigns, saying company prioritized 'shiny products' over AI safety - Fortune - May 18th, 2024 [May 18th, 2024]
- The revolution in artificial intelligence and artificial general intelligence - Washington Times - May 18th, 2024 [May 18th, 2024]
- OpenAI disbands team devoted to artificial intelligence risks - Yahoo! Voices - May 18th, 2024 [May 18th, 2024]
- OpenAI disbands safety team focused on risk of artificial intelligence causing 'human extinction' - New York Post - May 18th, 2024 [May 18th, 2024]
- OpenAI disbands team devoted to artificial intelligence risks - Port Lavaca Wave - May 18th, 2024 [May 18th, 2024]
- OpenAI disbands team devoted to artificial intelligence risks - Moore County News Press - May 18th, 2024 [May 18th, 2024]
- Generative AI Is Totally Shameless. I Want to Be It - WIRED - May 18th, 2024 [May 18th, 2024]
- OpenAI researcher resigns, claiming safety has taken a backseat to shiny products - The Verge - May 18th, 2024 [May 18th, 2024]
- Most of Surveyed Americans Do Not Want Super Intelligent AI - 80.lv - May 18th, 2024 [May 18th, 2024]
- A former OpenAI leader says safety has 'taken a backseat to shiny products' at the AI company - Winnipeg Free Press - May 18th, 2024 [May 18th, 2024]
- DeepMind CEO says Google to spend more than $100B on AGI despite hype - Cointelegraph - April 20th, 2024 [April 20th, 2024]
- Congressional panel outlines five guardrails for AI use in House - FedScoop - April 20th, 2024 [April 20th, 2024]
- The Potential and Perils of Advanced Artificial General Intelligence - elblog.pl - April 20th, 2024 [April 20th, 2024]
- DeepMind Head: Google AI Spending Could Exceed $100 Billion - PYMNTS.com - April 20th, 2024 [April 20th, 2024]
- Say hi to Tong Tong, world's first AGI child-image figure - ecns - April 20th, 2024 [April 20th, 2024]
- Silicon Scholars: AI and The Muslim Ummah - IslamiCity - April 20th, 2024 [April 20th, 2024]
- AI stocks aren't like the dot-com bubble. Here's why - Quartz - April 20th, 2024 [April 20th, 2024]
- AI vs. AGI: The Race for Performance, Battling the Cost? for NASDAQ:GOOG by Moshkelgosha - TradingView - April 20th, 2024 [April 20th, 2024]
- We've Been Here Before: AI Promised Humanlike Machines In 1958 - The Good Men Project - April 20th, 2024 [April 20th, 2024]
- Google will spend more than $100 billion on AI, exec says - Quartz - April 20th, 2024 [April 20th, 2024]
- Tech companies want to build artificial general intelligence. But who decides when AGI is attained? - The Bakersfield Californian - April 8th, 2024 [April 8th, 2024]
- Tech companies want to build artificial general intelligence. But who decides when AGI is attained? - The Caledonian-Record - April 8th, 2024 [April 8th, 2024]
- What is AGI and how is it different from AI? - ReadWrite - April 8th, 2024 [April 8th, 2024]
- Artificial intelligence in healthcare: defining the most common terms - HealthITAnalytics.com - April 8th, 2024 [April 8th, 2024]
- We're Focusing on the Wrong Kind of AI Apocalypse - TIME - April 8th, 2024 [April 8th, 2024]
- Xi Jinping's vision in supporting the artificial intelligence at home and abroad - Modern Diplomacy - April 8th, 2024 [April 8th, 2024]
- As 'The Matrix' turns 25, the chilling artificial intelligence (AI) projection at its core isn't as outlandish as it once seemed - TechRadar - April 8th, 2024 [April 8th, 2024]
- AI & robotics briefing: Why superintelligent AI won't sneak up on us - Nature.com - January 10th, 2024 [January 10th, 2024]
- Get Ready for the Great AI Disappointment - WIRED - January 10th, 2024 [January 10th, 2024]
- Part 3 Capitalism in the Age of Artificial General Intelligence (AGI) - Medium - January 10th, 2024 [January 10th, 2024]
- Artificial General Intelligence (AGI): what it is and why its discovery can change the world - Medium - January 10th, 2024 [January 10th, 2024]
- Exploring the Path to Artificial General Intelligence - Medriva - January 10th, 2024 [January 10th, 2024]
- The Acceleration Towards Artificial General Intelligence (AGI) and Its Implications - Medriva - January 10th, 2024 [January 10th, 2024]
- OpenAI Warns: "AGI Is Coming" - Do we have a reason to worry? - Medium - January 10th, 2024 [January 10th, 2024]
- The fight over ethics intensifies as artificial intelligence quickly changes the world - 9 & 10 News - January 10th, 2024 [January 10th, 2024]
- AI as the Third Window into Humanity: Understanding Human Behavior and Emotions - Medriva - January 10th, 2024 [January 10th, 2024]
- Artificial General Intelligence (AGI) in Radiation Oncology: Transformative Technology - Medriva - January 10th, 2024 [January 10th, 2024]
- Exploring the Potential of AGI: Opportunities and Challenges - Medium - January 10th, 2024 [January 10th, 2024]
- Full-Spectrum Cognitive Development Incorporating AI for Evolution and Collective Intelligence - Medriva - January 10th, 2024 [January 10th, 2024]
- Artificial Superintelligence - Understanding a Future Tech that Will Change the World! - MobileAppDaily - January 10th, 2024 [January 10th, 2024]
- Title: AI Unveiled: Exploring the Realm of Artificial Intelligence - Medium - January 10th, 2024 [January 10th, 2024]
- The Simple Reason Why AGI (Artificial General Intelligence) Is Not ... - Medium - December 2nd, 2023 [December 2nd, 2023]