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Closing Bell

Manifest Space: AI Powered Predictions with Planet Labs CEO Will Marshall 10/5/23

Closing Bell

CNBC

News, Business

4.4139 Ratings

🗓️ 5 October 2023

⏱️ 30 minutes

🧾️ Download transcript

Summary

Planet Labs, boasting the largest constellation of earth imaging satellites in orbit, generates thousands of images for governments and companies documenting changes over time. Can that data, powered by AI, be used to predict future events? Co-founder & CEO Will Marshall joins Morgan Brennan to discuss predictive analytics, satellites under development & the outlook for the earth imaging market. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Transcript

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0:00.0

Planet Labs CEO and co-founder Will Marshall first joined this podcast shortly after Russia's invasion of Ukraine last year.

0:07.0

To discuss the Earth Imaging Company's role in capturing and publicly releasing satellite images of the Russian military buildup on the border and subsequent attack.

0:17.0

Planet, which boasts the largest constellation of Earth imaging satellites in orbit, continues to monitor the globe for governments and companies alike.

0:24.3

The space company is generating so much data. Marshall says generative AI is a natural

0:30.8

fit. The more exciting thing right now with a ion

0:34.0

is actually applying it on our historical archive

0:37.0

because we have over 2,000 images

0:40.0

for every point on the Earth's landmass,

0:43.0

they're documenting change over time.

0:45.1

So we can train AI on top of that

0:48.4

to then do analysis of what is new on a day-to-day basis.

0:54.0

It means planet can offer space-based data that enables more analysis and even prevention of things like natural disasters,

1:02.0

for example wildfires.

1:04.0

Nonetheless, shares of Planet Labs have had a tough run,

1:07.3

down more than 40% this year,

1:09.6

more than 55% over the last 12 months. As the company has cut full your revenue guidance twice.

1:16.1

On this episode, we dive into AI-powered predictive analytics, the next-gen satellites

1:21.1

under development, and weather investors grasp where this earth

1:25.8

imaging market is headed.

1:28.4

I'm Morgan Brennan and this is manifest space. You're staying busy at planet.

1:40.0

There's a lot for us to talk about.

1:41.9

But first let's start with maybe the fact that you've had you've

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