Manifest Space: AI Weather Forecasts with Spire CEO Peter Platzer 4/424
Closing Bell
CNBC
4.4 • 139 Ratings
🗓️ 4 April 2024
⏱️ 24 minutes
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| 0:00.0 | Let's talk about the weather. What if generative artificial intelligence could make |
| 0:05.7 | forecasting more accurate? Well that's what Spire Global is betting on and now |
| 0:10.4 | collaborating with NVIDIA to do. |
| 0:13.1 | Spire Global is in the radio frequency sensing business, |
| 0:16.5 | operating a satellite constellation that collects space-based data |
| 0:19.6 | that's analyzed and then sold as a service. |
| 0:22.2 | It offers information on weather intelligence and |
| 0:24.9 | ship and plane movements. CEO and co-founder Peter Plattser says Spire Global has been |
| 0:30.0 | tracking the accuracy of AI-driven weather prediction models for a long time, |
| 0:35.0 | anticipating this new era and jumping at the opportunity to partner with |
| 0:40.0 | NVIDIA. It gives us access to exquisite hardware and train their |
| 0:47.1 | eye models in the background that are starved for data. Data that Spire has. That's kind of like we are this access to super data kind of |
| 0:56.3 | of company and then we can leverage that hardware and run our data through those models and then serve our customers. |
| 1:05.0 | And by doing so, NVIDIA gets to use our data and make its models better and better. |
| 1:12.0 | Spire is a small cap stock. its models, a betcher and betcher. |
| 1:13.1 | Spire is a small cap stock. |
| 1:15.0 | It went public via us back in 2021. |
| 1:17.4 | Shears have rallied over the past 12 months |
| 1:19.4 | and even spiked when the NVIDIA News came out, |
| 1:22.0 | opening the opportunity to raise $30 million |
| 1:24.8 | in a direct offering of common stock. |
| 1:27.0 | On this episode, Plata breaks down the partnership, |
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