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SLB Collaborating With Qualcomm to Offer Edge AI Services for the Energy Sector

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SLB (SLB) said Tuesday it signed a memorandum of understanding with Qualcomm Technologies (QCOM) to enable edge AI offerings for the energy sector, facilitating real-time operational decision-making across facilities and well systems.

Under the deal, SLB's Agora edge AI and IoT offerings will combine with Qualcomm's low-power AI processing capabilities for remote and complex environments, expected to help operators overhaul legacy operations, according to a statement.

Financial terms of the collaboration were not disclosed.

Price: $55.94, Change: $-0.61, Percent Change: -1.08%

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