Schlumberger (NYSE:SLB) shares are trading higher on Tuesday. The company launched the Lumi data and AI platform, integrating advanced AI into workflows across the energy value chain.
The Lumi platform offers open, secure access to high-quality data across all energy domains, boosting collaboration and decision-making. It integrates the latest large language models (LLMs) and SLB's domain-specific models, facilitating scalable AI adoption.
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The Lumi platform will be available on major cloud providers and on-premises, offering global access.
SLB's Delfi platform will leverage Lumi's capabilities for improved reservoir modeling, seismic interpretation, and drilling workflows, while boosting automation and efficiency for low-carbon energy operations.
The Lumi platform combines technologies from top partners with SLB's expertise to enhance data and AI access across the energy production cycle.
Rakesh Jaggi, president, Digital and Integration, SLB, said, "Through the Lumi data and AI platform, we will liberate and contextualize data for our global customers across domains – enabling them to scale advanced AI workflows and accelerate their ongoing digital transformation."
Investors can gain exposure to SLB via VanEck Oil Services ETF (NYSE:OIH) and IShares U.S. Oil Equipment & Services ETF (NYSE:IEZ).
Price Action: SLB shares are up 0.42% at $40.57 premarket at the last check Tuesday.
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