Schlumberger and NVIDIA: Into the Future of the Energy Industry with Generative AI

Schlumberger and NVIDIA have announced a collaboration to develop generative AI solutions for the energy sector. Schlumberger will focus on areas such as subsurface exploration, production operations, and data management. The partnership accelerates the creation and implementation of industry-specific generative AI foundational models on Schlumberger’s global platforms, including the Delfi digital platform and the Lumi data and AI platform. The Lumi platform is specifically designed for the energy sector and converts raw data from various sources into trusted insights. "Collaborating with NVIDIA will accelerate the creation of customized generative AI solutions, enabling our customers to optimize their operations, increase efficiency, and minimize their overall footprint," said Olivier Le Peuch, CEO of Schlumberger. Since 2008, Schlumberger and NVIDIA have been working together on the pioneering use of graphics processing units (GPUs). Under the latest agreement, Schlumberger will use NVIDIA NeMo, part of the NVIDIA AI Enterprise software suite, to develop customized generative AI that can be operated in data centers, in any cloud, or at the edge. "Customized models created by SLB using NVIDIA NeMo will provide industry scientists and engineers with unprecedented insights to accelerate their work in optimizing today’s energy supply and unlocking tomorrow’s clean energy innovations," said Jensen Huang, founder and CEO of NVIDIA. This initiative aims to harness the full potential of generative AI for energy professionals to create greater value and reduce CO₂ emissions. A research report by Kings Research forecasts that the global market for artificial intelligence in the energy sector will reach $46.188 billion by 2031, with a compound annual growth rate of 17.18% from 2024 to 2031. This rapid growth could highlight the potential impacts of the partnership between Schlumberger and NVIDIA on the adoption of AI solutions for the energy sector. SLB shares were recently up by 2.29% at $42.37, while NVDA shares were trading 4.66% higher at $118.71.