$Spire Global (SPIR.US)$ NEWS Spire Global Secures Multi-Mil...
NEWS
Spire Global Secures Multi-Million Dollar Deal with Financial Firm for Weather Forecasts
Spire Global, Inc. (NYSE: SPIR) has secured a multi-million-dollar deal with a financial firm to leverage Earth-2, NVIDIA’s platform for weather and climate change modeling, to train and run AI weather models. This deal aims to increase the accuracy of weather forecasts and produce long-range probabilistic forecasts at unprecedented speeds. Spire's multipurpose constellation of satellites, utilizing radio occultation technology, captures precise vertical profiles of temperature, pressure, and humidity across the globe, including under-observed areas and remote regions. By utilizing these proprietary datasets to initialize an AI forecasting model, the Company aims to usher in a new era of accuracy, speed, and reliability in weather forecasting. Spire’s suite of Weather and Climate solutions, including its recently launched High–Resolution Weather Forecasts, DeepVision™, global weather forecasts, proprietary data sources like ocean winds and soil moisture, and additional atmospheric weather datasets, serves customers across various industries including energy, logistics, utilities, agriculture, and more.
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