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On Tue, 24 Sept, 12:03 AM UTC
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GE Aerospace Takes Flight With AI Wingmate: Boosts Innovation, Employee Productivity With Microsoft's Azure AI - GE Aero (NYSE:GE)
The platform will enhance safety, sustainability, and supply chain efficiency, supporting GE's innovative AI use across operations. GE Aerospace GE shares are trading higher on Monday. The company launched AI Wingmate to support its 52,000 employees in enhancing quality and innovation in flight. The company collaborated with Microsoft Corporation MSFT and integrated Azure AI, including Azure OpenAI Service, to ensure security, compliance, and responsible AI use within its network. AI Wingmate offers GE Aerospace employees a secure internal platform to access a comprehensive suite of generative AI capabilities, incorporating new data and insights from employees over time to meet the company's business needs. The launch of this internal generative AI platform marks a significant milestone in GE Aerospace's decade-long effort to integrate AI across its operations. During this period, the company has more than doubled its investment in AI technology, establishing itself as one of the leading AI patent holders in the aviation industry. Also Read: Poland Taps GE Aerospace for Apache Engine Support: Finalizes New Offset Agreement David Burns, Chief Information Officer, GE Aerospace, said, "The launch of AI Wingmate will transform employee productivity, allowing our people to spend more time solving our customers' toughest problems." "Generative AI is changing the way we all work, enabling us to be more productive with our daily work tasks than ever before. Ultimately, this will strengthen our ability to help the aerospace industry meet our highest objectives of enhanced safety, sustainability, and reducing supply chain." "We are particularly excited about plans to launch a new generative AI based module exclusively dedicated to FLIGHT DECK, our proprietary lean operating model that is the foundation of how we work. The generative AI platform will serve as a vehicle for employees to learn about FLIGHT DECK and its ten fundamentals." Investors can gain exposure to the stock via IShares U.S. Aerospace & Defense ETF ITA and TCW Transform Systems ETF NETZ. Price Action: GE shares are up 0.55% at $188.46 at the last check Monday. Image via Shutterstock Read Next: Battle Of Humanoid Robots And Robotaxis Vs. Electric Vehicles, Trump Rumor To Drive Bitcoin To The Moon Market News and Data brought to you by Benzinga APIs
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GE Aerospace : Launches Company-wide Generative AI Platform for Employees
EVENDALE, Ohio - September 23, 2024 - GE Aerospace's (NYSE: GE) 52,000 employee workforce has a powerful new assistant, AI Wingmate, by their side as they work to enhance quality, serve customers, and invent the future of flight. GE Aerospace technology leaders worked with one of its key partners in AI development, Microsoft, to use Azure AI, including Azure OpenAI Service, to bring enhanced security, compliance, and responsible AI inside GE Aerospace's own network. Employees now can securely collaborate with AI Wingmate in a human-like back-and-forth conversation on new ideas, new learnings, and new initiatives to propel air travel to new heights. GE Aerospace employee engagement with the tool has been very strong since its launch in June. To date, the system has received: "The launch of AI Wingmate will transform employee productivity, allowing our people to spend more time solving our customers' toughest problems," said David Burns, Chief Information Officer, GE Aerospace. "Generative AI is changing the way we all work, enabling us to be more productive with our daily work tasks than ever before. Ultimately, this will strengthen our ability to help the aerospace industry meet our highest objectives of enhanced safety, sustainability, and reducing supply chain constraints." "Over 60,000 customers spanning industries and countries worldwide are applying the capabilities of Azure AIto deliver tangible results," said Nick Parker, President, Industry & Partner Sales, Microsoft. "We are deeply committed to helping businesses like GE Aerospace implement multimodal AI-powered applications easily and securely. I'm thrilled to see the impact AI is already having at GE Aerospace as the company continues to infuse AI across the company and leverage its power to drive innovation and growth." AI Wingmate is providing GE Aerospace employees with a secure, internal platform to engage and utilize the full suite of generative AI capabilities and infuse new data and information from employees over time to support the company's business requirements. "As our workforce continues to become familiar with AI Wingmate, it will become an increasingly more valuable partner over time for GE Aerospace employees," added Burns. "We are particularly excited about plans to launch a new generative AI based module exclusively dedicated to FLIGHT DECK, our proprietary lean operating model that is the foundation of how we work. The generative AI platform will serve as a vehicle for employees to learn about FLIGHT DECK and its ten fundamentals." How it works GE Aerospace employees are using AI Wingmate to enhance their productivity and work experience by having: The launch of this new internal generative AI platform represents a key milestone in GE Aerospace's more than a decade's long journey successfully integrating AI across its business operations. Over this time, GE Aerospace has more than doubled its investment in AI technology, positioning the company as one of the top AI patent holders within the aviation industry. Today, GE Aerospace is using AI to enhance everything from engine monitoring and part inspections to delivering insights for our airline customers to enable predictive maintenance measures and new ways to optimize fuel efficiency and safety. Click here to learn more about how GE Aerospace is using AI today and future applications under development. "The integration of Azure AI platform capabilities including Azure OpenAI Service is delivering a step change in how GE Aerospace employees work and deliver for our customers," said Burns. "AI Wingmate is more than just a smart platform. It's a true catalyst for changing the way we work and what is possible for us to achieve in advancing the future of flight." About GE Aerospace GE Aerospace (NYSE:GE) is a global aerospace propulsion, services, and systems leader with an installed base of approximately 44,000 commercial and 26,000 military aircraft engines. With a global team of 52,000 employees building on more than a century of innovation and learning, GE Aerospace is committed to inventing the future of flight, lifting people up, and bringing them home safely. Learn more about how GE Aerospace and its partners are defining flight for today, tomorrow and the future at www.geaerospace.com.
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GE Aerospace introduces AI Wingmate, a company-wide generative AI platform powered by Microsoft Azure OpenAI Service, aiming to enhance employee productivity and drive innovation across the organization.
GE Aerospace, a leading player in the aviation industry, has taken a significant leap into the future of aerospace technology with the launch of AI Wingmate, a company-wide generative AI platform 1. This innovative tool, powered by Microsoft Azure OpenAI Service, is set to revolutionize the way GE Aerospace's employees work and innovate.
AI Wingmate is designed to be a virtual assistant for GE Aerospace's workforce, providing support across various domains such as engineering, supply chain, and customer service 2. The platform aims to enhance productivity by automating routine tasks, offering quick access to information, and facilitating more efficient problem-solving processes.
The collaboration with Microsoft brings the power of Azure OpenAI Service to GE Aerospace's operations. This partnership ensures that AI Wingmate is built on a robust, scalable, and secure foundation, capable of handling the complex needs of a global aerospace leader 1.
By integrating AI Wingmate into its operations, GE Aerospace is positioning itself at the forefront of technological innovation in the aerospace sector. The platform is expected to accelerate research and development processes, optimize supply chain management, and improve customer service response times 2.
GE Aerospace has emphasized the importance of data security and compliance in the development of AI Wingmate. The company has implemented strict protocols to protect sensitive information and ensure that the AI platform adheres to industry regulations and standards 1.
The introduction of AI Wingmate by GE Aerospace could set a new standard for the integration of AI in the aerospace industry. As other companies observe the benefits and efficiencies gained through this platform, it may spark a wider adoption of AI technologies across the sector, potentially leading to faster innovation cycles and improved aircraft performance and safety 2.
GE Aerospace partners with the U.S. Department of Energy to enhance supercomputing capabilities for developing a new open fan engine architecture. The company also plans to hire 900 engineers, showcasing its commitment to innovation and growth in the aerospace industry.
6 Sources
GE HealthCare has announced an agreement to acquire the clinical artificial intelligence business from Intelligent Ultrasound Group for $51 million. This acquisition aims to enhance GE HealthCare's ultrasound AI capabilities and expand its offerings in the growing point-of-care ultrasound market.
4 Sources
Accenture and Amazon Web Services (AWS) have joined forces to create a new Responsible AI platform, aiming to help organizations scale AI adoption responsibly and efficiently.
2 Sources
Microsoft's Azure AI receives a significant boost with the integration of OpenAI models, despite a slight miss in Q2 earnings. The company remains optimistic about its AI-driven future.
2 Sources
C3.ai, a leading enterprise AI software provider, has launched a new generative AI product for government services. The announcement has led to a significant surge in the company's stock price.
2 Sources
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