financetom
Business
financetom
/
Business
/
Honeywell partners with Google to integrate data with generative AI
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Honeywell partners with Google to integrate data with generative AI
Oct 21, 2024 5:14 PM

(Reuters) - Honeywell ( HON ) has signed a deal with Google to connect artificial intelligence technology with its industrial data, both companies said on Monday, with a view to offer streamlined autonomous operations for its customers.

The partnership will bring together Alphabet-owned Google's Gemini - its most advanced AI technology - and Honeywell's ( HON ) industrial data collected through its Forge platform to automate tasks and reduce project times, in an industry that continues to grapple with a labor shortage.

The AI-powered tools will help automate tasks for engineers, warehouse workers, and technicians, among other uses, with the first AI-enabled solutions reaching Honeywell's ( HON ) customers in 2025.

"The path to autonomy requires assets working harder, people working smarter and processes working more efficiently," Vimal Kapur, chairman and CEO of Honeywell ( HON ), said in a statement.

With the new AI-powered agent built on Google's Vertex AI platform, automated tasks will lead to reduced project design cycles, Honeywell ( HON ) said, adding that users will be able to process various data types such as images, videos, text and sensor readings.

Honeywell ( HON ), attempting to leverage the latest boom in AI technology, said it is aiming to reduce maintenance costs, increase operational productivity and "upskill employees" through the partnership for its customers.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Cathie Wood's ARK Invest scoops up nearly 10,000 Reddit shares in debut
Cathie Wood's ARK Invest scoops up nearly 10,000 Reddit shares in debut
Mar 22, 2024
(Reuters) - Popular investor Cathie Wood's ARK Invest bought nearly 10,000 shares of Reddit ( RDDT ) in the social media platform's strong market debut on Thursday, an email from the asset manager showed. A total of 9,982 shares of the loss-making company was added to ARK Next Generation Internet ETF ( ARKW ) and ARK Fintech Innovation ETF (...
Japan's union group Rengo announces biggest wage hikes on record
Japan's union group Rengo announces biggest wage hikes on record
Mar 22, 2024
TOKYO (Reuters) -Japanese firms have agreed to raise pay by 5.25% this year, the biggest rise under comparable data since 2013, the country's largest union group Rengo confirmed on Friday. The results of the closely-watched wage negotiations are announced in several stages, in which the blue-chip firms are first to wrap up their talks in mid-March. The second announcement on...
Once a beacon of stability, Vietnam to name third president in a year
Once a beacon of stability, Vietnam to name third president in a year
Mar 22, 2024
HANOI, March 22 (Reuters) - Communist-ruled Vietnam is seeking its third president in little more than a year after the resignation of Vo Van Thuong, who was only elected last year after the sudden dismissal of his predecessor. With accumulated foreign direct investment higher than its gross domestic product, Vietnam's stability is crucial to multinationals with large operations in the...
Hutchmed Begins Registration Stage for Phase 2/3 Trial of Investigational Autoimmune Disorder Drug
Hutchmed Begins Registration Stage for Phase 2/3 Trial of Investigational Autoimmune Disorder Drug
Mar 22, 2024
05:04 AM EDT, 03/22/2024 (MT Newswires) -- Hutchmed ( HCM ) said late Thursday it has started the registration stage for a phase 2/3 clinical trial of investigational drug sovleplenib for adult patients with warm antibody autoimmune hemolytic anemia in China. The move follows positive data from the proof-of-concept phase 2 stage of the trial and a consultation with the...
Copyright 2023-2026 - www.financetom.com All Rights Reserved