By Connor Hart
Shares of Spire Global gained after the company said it launched two artificial-intelligence-enabled weather models.
The stock rose 8.7%, to $9.26, in after-hours trading Tuesday. Shares ended the regular session 6.5% lower, having lost about 30% in the past year.
The provider of space-based data, analytics and other services said it developed the weather models--dubbed AI-WX and AI-S2S--using Nividia's Omniverse Blueprint for Earth-2 weather analytics.
The models leverage Spire's proprietary satellite data to deliver both medium-range and sub-seasonal forecasts. AI-WX provides up to 20-day forecasts, while AI-S2S extends up to 45 days.
They differ from traditional deterministic models by providing probabilistic forecasts with a range of possible weather outcomes, rather than a single prediction, the company said.
"By harnessing the computational power of NVIDIA GPUs paired with the unique space-based data from our satellite network, we have developed AI-driven models that transform how industries manage weather risks," Spire's GM of Weather and Climate Michael Eilts said.
"These models not only predict weather events with unprecedented accuracy, but they also enhance our understanding of weather, enabling energy providers and commodity trading firms to optimize operations and increase both efficiency and profitability in the face of unpredictable weather patterns," he continued.
Write to Connor Hart at connor.hart@wsj.com
(END) Dow Jones Newswires
March 18, 2025 18:36 ET (22:36 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.