financetom
Business
financetom
/
Business
/
Shipping giant CMA CGM signs AI deal with Google
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Shipping giant CMA CGM signs AI deal with Google
Jul 18, 2024 3:11 AM

(Reuters) - French shipping and logistics company CMA CGM has signed a partnership with Alphabet's Google to speed up deployment of AI solutions across its operations worldwide, the two companies announced on Thursday.

CMA CGM aims to increase efficiency and shorten delivery times through the optimisation of routes, container handling, and inventory management, while minimising costs and carbon emissions.

CMA CGM's Chairman and CEO Rodolphe Saadé called the partnership a "crucial step" in his company's transformation strategy.

Google France CEO Sébastien Missoffe said Google's "infrastructure, data expertise, and long-term approach to AI" would help CMA CGM to grow.

CEVA Logistics, the group's logistics arm, will use Goole AI-based management tools to better predict and plan operations at its warehouses through volume and demand forecasting.

CMA CGM's media arm, which owns a stake in French private broadcaster M6 and bought France's leading rolling news channel BFM TV earlier this year, will aim to create tools helping its journalists to synthesise and translate documents, generate media snippets for social networks, facilitate archives digitisation and research.

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 >
Kraft Heinz must face Mac & Cheese lawsuit, judge rules
Kraft Heinz must face Mac & Cheese lawsuit, judge rules
Nov 14, 2024
Nov 14 (Reuters) - A federal judge said Kraft Heinz ( KHC ) must face a proposed nationwide class action alleging that it defrauded consumers by claiming its Kraft macaroni and cheese, one of its best-known products, contains no artificial preservatives. In a decision on Wednesday, U.S. District Judge Mary Rowland said the Illinois, California and New York consumers leading...
Dave Insider Sold Shares Worth $923,354, According to a Recent SEC Filing
Dave Insider Sold Shares Worth $923,354, According to a Recent SEC Filing
Nov 14, 2024
05:42 PM EST, 11/14/2024 (MT Newswires) -- Dan Preston, Director, on November 12, 2024, sold 12,125 shares in Dave ( DAVE ) for $923,354. Following the Form 4 filing with the SEC, Preston has control over a total of 22,995 shares of the company, with 22,995 shares held directly. SEC Filing: https://www.sec.gov/Archives/edgar/data/1841408/000095017024127244/xslF345X05/ownership.xml ...
GM self-driving unit Cruise admits to submitting false report, will pay $500,000 fine
GM self-driving unit Cruise admits to submitting false report, will pay $500,000 fine
Nov 14, 2024
(Reuters) -General Motors' ( GM ) self-driving car unit, Cruise, admitted on Thursday to submitting a false report to influence a federal investigation and will pay a $500,000 criminal fine as part of a deferred prosecution agreement, the Justice Department said. The department said Cruise failed to disclose key details of an October 2023 crash to the National Highway Traffic...
Hyundai Motor picks first foreign CEO in reshuffle as it braces for Trump
Hyundai Motor picks first foreign CEO in reshuffle as it braces for Trump
Nov 14, 2024
* Hyundai appoints U.S. chief Jose Munoz as new CEO * Company braces for Trump's potential tariffs and EV subsidy cuts * Munoz credited with Hyundai's electrification and sales growth (Adds more details of reshuffle, analyst comment, context throughout) By Heekyong Yang and Hyunjoo Jin SEOUL, Nov 15 (Reuters) - Hyundai Motor ( HYMTF ) named Jose Munoz, current U.S....
Copyright 2023-2026 - www.financetom.com All Rights Reserved