U.S. Steel Gains AI Know-How; Economists See Tech Lowering Wages; AI Talent Shortage Challenge


U.S. Steel Gains AI Know-How; Economists See Tech Lowering Wages; AI Talent Shortage Challenge

By John McCormick October 2, 2019

U.S. Steel gains AI know-how. The steel producer's purchase of a stake in Big River Steel LLC gives it access to ultramodern technology, including machine learning, reports WSJ Pro.
“Definitely, Big River Steel represents the cutting edge around the world in terms of steel plant AI. No questions about it,” said Christopher Plummer, chief executive of Metal Strategies Inc., a consulting company in the steel, metal and mining sector. Mr. Plummer advised banks and investors that backed Big River Steel before the U.S. Steel agreement, which was announced Tuesday.
Terms of the deal. U.S. Steel said it would pay $700 million for a 49.9% stake in the Arkansas-based company, with an option to acquire the rest within four years. Big River’s Osceola, Ark., mill is one of the country's newest and most efficient. It melts scrap steel and produces steel for more than 200 customers, including auto makers.
U.S. Steel seen getting competitive boost. By investing in Big River, which began operating in 2017, U.S. Steel gains access to the technology and know-how for producing sheet steel from melting scrap in an electric furnace. The deal is expected to make U.S. Steel more cost-competitive with rivals, including Nucor Corp. and Steel Dynamics Inc., that use electric furnaces to turn scrap metal into steel.
The AI inside the plant. The plant’s AI system, designed by San Francisco-based Noodle Analytics Inc., uses deep learning and neural networks. It was designed to continually train algorithms on data captured by thousands of sensors. The data can be useful in a number of ways, from spotting problems with production and quality to helping sequence the production of various grades and sizes of steel in the most efficient manner. The system can also help conserve energy consumption beyond what the plant gets per its utility contract, maximizing the amount of surplus power it can sell.

https://mail.google.com/mail/u/0/?pli=1#inbox/FMfcgxwDrbrSBMztmDQhgPGwqWVbqlKm

Comments

Post a Comment

Popular posts from this blog

Report: World’s 1st remote brain surgery via 5G network performed in China

World’s 1st remote brain surgery via 5G network performed in China Published time: 17 Mar, 2019 13:12 ·           A Chinese surgeon has performed the world’s first remote brain surgery using 5G technology, with the patient 3,000km away from the operating doctor. Dr. Ling Zhipei remotely implanted a neurostimulator into his patient’s brain on Saturday, Chinese state-run media  reports . The surgeon manipulated the instruments in the Beijing-based PLAGH hospital from a clinic subsidiary on the southern Hainan island, located 3,000km away. The surgery is said to have lasted three hours and ended successfully. The patient, suffering from Parkinson’s disease, is said to be feeling well after the pioneering operation. The doctor used a computer connected to the next-generation 5G network developed by Chinese tech giant Huawei. The new device enabled a near real-time connection, according to Dr. Ling.  “You barely feel that the patient is 3,000 kilometers away,”  he said.
Read more

Visualizing The Power Of The World's Supercomputers

Visualizing The Power Of The World's Supercomputers   BY TYLER DURDEN FRIDAY, JAN 21, 2022 - 04:15 AM   A supercomputer is a machine that is built to handle billions, if not trillions of calculations at once. Each supercomputer is actually made up of many individual computers (known as nodes) that work together in parallel. A common metric for measuring the performance of these machines is  flops , or  floating point operations per second . In this visualization,  Visual Capitalist's Marcus Lu uses  November 2021 data from  TOP500  to visualize the computing power of the world’s top five supercomputers. For added context, a number of modern consumer devices were included in the comparison. Ranking by Teraflops Because supercomputers can achieve over one quadrillion flops, and consumer devices are much less powerful, we’ve used  teraflops  as our comparison metric. 1 teraflop = 1,000,000,000,000 (1 trillion) flops. Supercomputer Fugaku  was completed in March 202
Read more

BMW traps alleged thief by remotely locking him in car

BMW traps alleged thief by remotely locking him in car Stealer's Wheel? Seattle police department quotes "Watchmen" movie in a recap of the recent arrest. Tech Culture by Gael Fashingbauer Cooper December 4, 2016 5:00 PM PST It's maybe the most satisfying arrest we can imagine. Seattle police caught an alleged car thief by enlisting the help of car maker BMW to both track and then remotely lock the luckless criminal in the very car he was trying to steal. Jonah Spangenthal-Lee, deputy director of communications for the Seattle Police Department, posted a witty summary of the event on the SPD's blog on Wednesday. Turns out if you're inside a stolen car, it's perhaps not the best time to take a nap. "A car thief awoke from a sound slumber Sunday morning (Nov. 27) to find he had been remotely locked inside a stolen BMW, just as Seattle police officers were bearing down on him," Spangenthal-Lee wrote. The suspect found a ke
Read more