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EP 49: William Fox from Corva.ai
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Dive deep into the transformative role of AI in the oil and gas sector as William Fox, General Manager for Drilling at Corva.ai, shares his insights on the Energy Bytes Podcast. Discover how AI is revolutionizing drilling operations, optimizing performance, and driving industry innovation. William Fox reveals AI's role in oil & gas, discussing challenges and opportunities in integrating AI technologies.
Key Takeaways:
- The Problem: Uncertainty and misconceptions surrounding AI in industrial markets.
- AI to the Rescue: How Corva's Predictive Drilling leverages AI to enhance efficiency and safety.
- Industry Insights: Balancing automation with human expertise in tech startups for sustainable growth.
- The Future: AI's potential to mitigate risks and augment human capabilities in the energy sector.
The Backstory: From rogue AI usage in music streaming to ethical AI implementation in drilling, this episode covers it all. William Fox offers a contrarian approach to AI, emphasizing collaboration over competition.
Guest Bio: William Fox, with his extensive experience at Corva.ai, is a trailblazer in employing AI to transform drilling operations in the oil and gas industry.
00:00 - Intro
00:40 - AI Gone Wrong: Risks and Challenges
03:20 - Predictive Drilling: Definition and Benefits
05:20 - Cursor: Innovative Technology in Drilling
07:20 - Human-Machine Interface: Enhancing Interactions
09:20 - Training the Model: Best Practices
12:20 - LLMs in Drilling: Potential and Applications
17:40 - Garbage In, Garbage Out: Data Integrity Issues
18:50 - Data Quality: Importance in AI Systems
19:50 - Trusting AI: Building Industry Confidence
22:18 - Real-Time Model Maintenance: Strategies
25:00 - Labeling Data: Essential for Machine Learning
27:38 - Predict and Mitigate: The Ideal Future
28:48 - Running in the Cloud: Advantages for Drilling
30:52 - Liability: Legal Considerations in AI
33:55 - Commercial Aspects: AI in the Drilling Industry
38:20 - Business Case for AI: Justifying Investments
41:00 - Impact on Production: Measuring Success
44:10 - Tool Joint Mitigation: Techniques and Solutions
53:19 - What's Next for Novi: Future Developments
57:40 - Speed Round: Quick Insights
1:00:10 - How to Reach Will Fox: Contact Information
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