Spire Global bets on AI to help improve weather forecasts, with boost from Nvidia [CNBC]
Spire Global, Inc. Class A (SPIR)
US:NASDAQ Investor Relations:
spireenergy.com/investors
Company Research
Source: CNBC
That's what Spire Global is betting on in its recently announced partnership with AI darling Nvidia “What deep learning and neural networks and generative AI have done is they have shifted the power from those who have access to supercomputers a bit more to those who have access to super data,” Peter Platzer, CEO and co-founder of Spire Global, told CNBC's Morgan Brennan in an interview on CNBC's “Manifest Space” podcast. “Because the supercomputer side with a model has been replaced with hyper efficient GPUs [graphics processing units], you can run something that used to take eight hours, and you can now run it in eight seconds,” he explained. “For us, that has been always a vision that we knew eventually was going to come, so when this [Nvidia] partnership became possible, we jumped on that.” Twelve-year old Spire Global is in the radio frequency sensing business, operating a satellite constellation that collects space-based radio frequency data that can be analyzed and sold
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SPIR
News
- Spire Global Secures Multi-Million Dollar Deal with Financial Firm for Weather Forecasts [Yahoo! Finance]Yahoo! Finance
- Spire Global Secures Multi-Million Dollar Deal with Financial Firm for Weather ForecastsBusiness Wire
- RTX (RTX) Beats Q1 Earnings and Revenue Estimates [Yahoo! Finance]Yahoo! Finance
- Spire Global Schedules First Quarter 2024 Results Conference CallBusiness Wire
- Spire Global, Inc. (NYSE: SPIR) is now covered by analysts at Alliance Global Partners. They set a "buy" rating and a $22.00 price target on the stock.MarketBeat
SPIR
Earnings
- 3/6/24 - Beat
SPIR
Analyst Actions
- 3/22/24 - Canaccord Genuity
SPIR
Sec Filings
- 4/26/24 - Form EFFECT
- 4/25/24 - Form S-3/A
- 4/23/24 - Form ARS
- SPIR's page on the SEC website