ClimateAi Unveils Breakthrough 1km Resolution Climate Risk Forecasting Using Physics-Informed Machine Learning
The world’s first production-grade 1 km resolution forecasts from 1 week to 6 months time frame, empowers businesses to make more informed decisions, reduce climate risk, and identify opportunities as a result of weather volatility. Watch the official launch Here.
SAN FRANCISCO, Aug. 22, 2024 (GLOBE NEWSWIRE) -- ClimateAi, a pioneer in AI-driven climate intelligence, announces a revolutionary upgrade to its ClimateLens™ platform. Using physics-informed ML models, it delivers high resolution 1km forecasts from 1 week to 6 months, offering businesses unparalleled accuracy and time edge in climate risk predictions. This downscaled resolution is already being used by leading Fortune 500 companies to anticipate weather volatility, reduce climate-related risks, and seize new opportunities.
ClimateAi’s proprietary physics-informed ML models, enable more accurate, localized forecasts without the need for costly hardware investments. By downscaling from a 25km to a 1km resolution, these models, including GenAI innovations (Price & Rasp, 2022), provide hyper-local insights that account for microclimates, crucial in complex terrains like mountainous or coastal regions. This approach corrects biases in global climate models, offering climate insights tailored to specific customer needs at a fraction of the cost and computational effort required by traditional high-resolution regional models.
"Our new downscaling capabilities allow businesses to access highly accurate weather and climate forecasts without heavy infrastructure costs. Companies in the Food & Beverage sector, for example, can now better understand the basis risks associated with sourcing key crops and commodities," said Himanshu Gupta, CEO of ClimateAi. ”Customers are already seeing the value, as they are getting hyper localized insights on sourcing risk faster and more accurately than the rest of the market."
This transformative technology is being embraced by industry leaders in F&B and agribusiness, who are leveraging it to gain a competitive edge. Brian Golden, Head of Suntory Global Supply Solutions, remarked, “We've seen temperature extremes coming combined with droughts. We saw that kind of alert come through for coffee something like 5 to 7 days before the market was talking about it…I think picking up one or two insights like this can have huge dividends in this space.”
About ClimateAi
ClimateAi helps companies manage climate risk with actionable intelligence, enhancing global supply chain resilience. Leveraging proprietary AI and ML, the ClimateLens™ platform quantifies climate impacts and provides business-specific insights that reduce climate risk exposure and unlock new value opportunities. Headquartered in San Francisco, ClimateAi partners with over 60 of the top 200 Food & Beverage companies, including Suntory Holdings, ITC, AB-Inbev, and McCain, to standardize climate risk assessments across multiple supply chains, helping businesses adapt and bring climate resilience to our global economy.
Press Contact:
Email: media@climate.ai
Website: climate.ai
For more information, visit climate.ai and follow ClimateAi on LinkedIn and Twitter.
Subscribe to releases from GlobeNewswire by notified
Subscribe to all the latest releases from GlobeNewswire by notified by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from GlobeNewswire by notified
Iveco Group signs a 150 million euro term loan facility with Cassa Depositi e Prestiti to support investments in research, development and innovation11.6.2024 12:00:00 CEST | Press release
Turin, 11th June 2024. Iveco Group N.V. (EXM: IVG), a global automotive leader active in the Commercial & Specialty Vehicles, Powertrain and related Financial Services arenas, has successfully signed a term loan facility of 150 million euros with Cassa Depositi e Prestiti (CDP), for the creation of new projects in Italy dedicated to research, development and innovation. In detail, through the resources made available by CDP, Iveco Group will develop innovative technologies and architectures in the field of electric propulsion and further develop solutions for autonomous driving, digitalisation and vehicle connectivity aimed at increasing efficiency, safety, driving comfort and productivity. The financed investments, which will have a 5-year amortising profile, will be made by Iveco Group in Italy by the end of 2025. Iveco Group N.V. (EXM: IVG) is the home of unique people and brands that power your business and mission to advance a more sustainable society. The eight brands are each a
DSV, 1115 - SHARE BUYBACK IN DSV A/S11.6.2024 11:22:17 CEST | Press release
Company Announcement No. 1115 On 24 April 2024, we initiated a share buyback programme, as described in Company Announcement No. 1104. According to the programme, the company will in the period from 24 April 2024 until 23 July 2024 purchase own shares up to a maximum value of DKK 1,000 million, and no more than 1,700,000 shares, corresponding to 0.79% of the share capital at commencement of the programme. The programme has been implemented in accordance with Regulation No. 596/2014 of the European Parliament and Council of 16 April 2014 (“MAR”) (save for the rules on share buyback programmes set out in MAR article 5) and the Commission Delegated Regulation (EU) 2016/1052, also referred to as the Safe Harbour rules. Trading dayNumber of shares bought backAverage transaction priceAmount DKKAccumulated trading for days 1-25478,1001,023.01489,100,86026:3 June 20247,0001,050.597,354,13027:4 June 20245,0001,055.705,278,50028:6 June20243,0001,096.273,288,81029:7 June 20244,0001,106.174,424,68
Landsbankinn hf.: Offering of covered bonds11.6.2024 11:16:36 CEST | Press release
Landsbankinn will offer covered bonds for sale via auction held on Thursday 13 June at 15:00. An inflation-linked series, LBANK CBI 30, will be offered for sale. In connection with the auction, a covered bond exchange offering will take place, where holders of the inflation-linked series LBANK CBI 24 can sell the covered bonds in the series against covered bonds bought in the above-mentioned auction. The clean price of the bonds is predefined at 99,594. Expected settlement date is 20 June 2024. Covered bonds issued by Landsbankinn are rated A+ with stable outlook by S&P Global Ratings. Landsbankinn Capital Markets will manage the auction. For further information, please call +354 410 7330 or email verdbrefamidlun@landsbankinn.is.
Relay42 unlocks customer intelligence with a new insights and reporting module, powered by Amazon QuickSight11.6.2024 11:00:00 CEST | Press release
AMSTERDAM, June 11, 2024 (GLOBE NEWSWIRE) -- Relay42, a leading European Customer Data Platform (CDP), is leveraging Amazon QuickSight to power its new real-time customer intelligence, reporting, and dashboard module. Harnessing the breadth and quality of customer data, the new Insights module empowers marketing teams to dive deep into customer behaviors and gain invaluable insights into the performance of their marketing programs across all online, offline, paid, and owned marketing channels. Preview of the Relay42 Insights module, in pre-beta version Key capabilities of the Relay42 Insights module include: Deep insights into customer behaviors: With the Relay42 Insights module, marketers can ask unlimited questions about their data and gain a deeper understanding of how to serve their customers more effectively. Simplicity with AI-powered querying: Marketers can use artificial intelligence to query their data using natural language search, reducing the reliance on data scientists. Us
Metasphere Labs Announces X Spaces Event on the Topic of Green Bitcoin Mining and Sound Money for Sustainability11.6.2024 10:30:00 CEST | Press release
VANCOUVER, British Columbia, June 11, 2024 (GLOBE NEWSWIRE) -- Metasphere Labs Inc. (formerly Looking Glass Labs Ltd., "Metasphere Labs" or the "Company") (Cboe Canada: LABZ) (OTC: LABZF) (FRA: H1N) is thrilled to announce an engaging Twitter Spaces event on Green Bitcoin mining, energy markets, and sustainability on July 3, 2024 at 2 p.m. ET. Follow us on X at MetasphereLabs for updates and to join the event. What We'll Discuss Bitcoin Mining Basics: Understand the fundamentals of Bitcoin mining.Energy Market Dynamics: Explore how Bitcoin mining interacts with energy markets.Sustainable Innovations: Learn about our efforts to promote sustainability in Bitcoin mining.Sound Money: Discover how tamper-proof currency can enhance stability.Efficient Payment Rails: See how fast, neutral payment systems support humanitarian projects.Carbon Footprint: Compare Bitcoin's environmental impact with traditional banking. "We're excited to host this event and dive into the critical topics of Bitcoin