{"id":400952,"date":"2020-12-16T09:03:37","date_gmt":"2020-12-16T14:03:37","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=400952"},"modified":"2020-12-16T09:03:37","modified_gmt":"2020-12-16T14:03:37","slug":"beyond-limits-to-expand-industrial-ai-in-energy-with-nvidia","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/beyond-limits-to-expand-industrial-ai-in-energy-with-nvidia\/","title":{"rendered":"Beyond Limits to Expand Industrial AI in Energy with NVIDIA"},"content":{"rendered":"
\n

LOS ANGELES, Dec. 16, 2020 (GLOBE NEWSWIRE) — Beyond Limits<\/u><\/a>, an industrial and enterprise-grade AI technology company built for the most demanding sectors, today announced it is working with NVIDIA to advance its initiative for bringing digital transformation to the energy sector.<\/p>\n

Beyond Limits will collaborate with NVIDIA experts on joint go-to-market strategies for Beyond Limits\u2019 products and solutions in the energy sector. The company will also take advantage of NVIDIA technical support and GPU-optimized AI software such as containers, models and application frameworks from the NVIDIA NGC catalog to improve the performance and efficiency of its software development cycle.<\/p>\n

\u201cAI has the potential to make a major impact on problems facing the heart of the global energy business, but the technology requires high levels of computing power to operate on the level and scale required by many of today\u2019s global producers,\u201d said AJ Abdallat, CEO of Beyond Limits. \u201cThat\u2019s why we\u2019re so excited to collaborate with NVIDIA, a leading provider of AI computing platforms. With NVIDIA technology support and expertise, Beyond Limits is better positioned to offer faster, more intelligent and efficient AI-based solutions for maximizing energy production and profitability.\u201d<\/p>\n

Breakthroughs in novel high-performance AI solutions are projected to have significant impacts throughout the energy industry. One key challenge facing the upstream oil and gas sector includes the resource requirement for optimizing well deployments, especially when data on a region\u2019s geological properties is highly uncertain. To overcome this problem, Beyond Limits developed a novel deep reinforcement learning (DRL) framework trained using NVIDIA<\/u><\/a>A100 <\/u><\/a>Tensor Core <\/u><\/a>GPUs<\/u><\/a>, capable of running 167,000 complex scenario simulations in 36 hours. Following initial tests, the DRL framework yielded a 208% increase in NPV value by predicting and recommending well placements, based on the number of actions explored and the expected financial return from reservoir production over time.<\/p>\n

\u201cThe NVIDIA A100 offers the performance and reliability required to meet the demands of the modern day energy sector,\u201d said Marc Spieler, Global Energy Director at NVIDIA. \u201cThe ability to process hundreds of thousands of AI simulations in real-time provides the insight required for Beyond Limits to develop scalable applications that advance energy technologies.\u201d<\/p>\n

Beyond Limits Cognitive AI applies human-like reasoning to solve problems, combining encoded human knowledge with machine learning techniques and allowing systems to adapt and continue to operate even when data is in short supply or uncertain. As a result, Beyond Limits\u2019 customers are able to elevate operational insights, improve operating conditions, enhance performance at every level, and ultimately increase profits. For more information, please visit https:\/\/www.beyond.ai\/solutions\/beyond-energy<\/u><\/a>.<\/p>\n

\n
\n About Beyond Limits<\/u>
\n <\/strong>\n <\/p>\n

Beyond Limits is an industrial and enterprise-grade artificial intelligence company built for the most demanding sectors including energy, utilities, and healthcare.<\/p>\n

Beyond traditional artificial intelligence, Beyond Limits\u2019 unique Cognitive AI technology combines numeric techniques like machine learning with knowledge-based reasoning to produce actionable intelligence. Customers implement Beyond Limits AI to boost operational insights, improve operating conditions, enhance performance at every level, and ultimately increase profits as a result.<\/p>\n

Founded in 2014, Beyond Limits leverages a significant investment portfolio of advanced technology developed at Caltech\u2019s Jet Propulsion Laboratory for NASA space missions. The company was recently honored by CB Insights on their 2020 List of Top AI 100 most innovative artificial intelligence startups and by Frost & Sullivan for their North American Technology Innovation Award.<\/p>\n

For more information, please visit www.beyond.ai<\/u><\/a>.<\/p>\n


\n
\n \n <\/div>\n

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Contact Information:\r\nEd Cruz\r\n\r\nLEWIS for Beyond Limits\r\n\r\n619-308-5245\r\n\r\nbeyondlimitspr@teamlewis.com<\/pre>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"
LOS ANGELES, Dec. 16, 2020 (GLOBE NEWSWIRE) — Beyond Limits, an industrial and enterprise-grade AI technology company built for the most demanding sectors, today announced it is working with NVIDIA to advance its initiative for bringing digital transformation to the energy sector. Beyond Limits will collaborate with NVIDIA experts on joint go-to-market strategies for Beyond Limits\u2019 products and solutions in the energy sector. The company will also take advantage of NVIDIA technical support and GPU-optimized AI software such as containers, models and application frameworks from the NVIDIA NGC catalog to improve the performance and efficiency of its software development cycle. \u201cAI has the potential to make a major impact on problems facing the heart of the global energy business, but … <\/p>\n
Continue reading “Beyond Limits to Expand Industrial AI in Energy with NVIDIA”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-400952","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nBeyond Limits to Expand Industrial AI in Energy with NVIDIA - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/beyond-limits-to-expand-industrial-ai-in-energy-with-nvidia\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Beyond Limits to Expand Industrial AI in Energy with NVIDIA - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"LOS ANGELES, Dec. 16, 2020 (GLOBE NEWSWIRE) — Beyond Limits, an industrial and enterprise-grade AI technology company built for the most demanding sectors, today announced it is working with NVIDIA to advance its initiative for bringing digital transformation to the energy sector. Beyond Limits will collaborate with NVIDIA experts on joint go-to-market strategies for Beyond Limits\u2019 products and solutions in the energy sector. The company will also take advantage of NVIDIA technical support and GPU-optimized AI software such as containers, models and application frameworks from the NVIDIA NGC catalog to improve the performance and efficiency of its software development cycle. \u201cAI has the potential to make a major impact on problems facing the heart of the global energy business, but … Continue reading "Beyond Limits to Expand Industrial AI in Energy with NVIDIA"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/beyond-limits-to-expand-industrial-ai-in-energy-with-nvidia\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2020-12-16T14:03:37+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODExMjk4OSMzODgzNjg2IzIyMDEwOTA=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/beyond-limits-to-expand-industrial-ai-in-energy-with-nvidia\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/beyond-limits-to-expand-industrial-ai-in-energy-with-nvidia\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Beyond Limits to Expand Industrial AI in Energy with NVIDIA\",\"datePublished\":\"2020-12-16T14:03:37+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/beyond-limits-to-expand-industrial-ai-in-energy-with-nvidia\\\/\"},\"wordCount\":570,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/beyond-limits-to-expand-industrial-ai-in-energy-with-nvidia\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODExMjk4OSMzODgzNjg2IzIyMDEwOTA=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/beyond-limits-to-expand-industrial-ai-in-energy-with-nvidia\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/beyond-limits-to-expand-industrial-ai-in-energy-with-nvidia\\\/\",\"name\":\"Beyond Limits to Expand Industrial AI in Energy with NVIDIA - 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