Baker Hughes, a GE company, and C3.ai announced a joint venture agreement that brings together BHGE’s fullstream oil and gas portfolio of solutions and services with C3.ai’s artificial intelligence (AI) software suite to deliver digital transformation technologies that will help to drive increased productivity for the oil and gas industry.
AI in the oil and gas segment helps to improve overall performance by ingesting massive quantities of data, becoming more intelligent about specific operational environments, and helping to predict problems before they occur so that operators can further improve planning, staffing, sourcing and safety. This joint venture combines BHGE’s oil and gas technology domain experience with C3.ai’s AI software suite and solutions, helping to create new opportunities for the sector.
The companies will immediately begin to market and deploy C3.ai’s AI technology, including the C3 AI Suite and applications, into oil and gas businesses. BHGE and C3.ai will also leverage BHGE’s existing digital portfolio to collaborate on new integrated AI applications specific to oil and gas and offer combined teams of oilfield and AI personnel deployed directly into customer environments to deliver AI solutions that meet specific business needs. Simplifying the approach to AI with this combined offering will help to provide users with more available time to focus on running their oil and gas business even safer and more efficiently.
Under the terms of the agreement, BHGE has taken a minority equity position in C3.ai and will have a seat on C3.ai’s board of directors. BHGE will also accelerate its own use of AI, deploying the C3 AI Suite across its business to enable new BHGE AI applications that help to improve core operations and further serve its customers with additional AI-enabled products and services.