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EP 48: William Fox from Corva.ai
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William Fox, General Manager for Drilling at Corva.ai, shares his insights on the transformative role of AI in the oil and gas industry. He explains how AI is revolutionizing drilling operations by optimizing performance and driving innovation, while also addressing common uncertainties and misconceptions about AI in industrial markets. Key points include Corva’s Predictive Drilling technology, which leverages AI to enhance efficiency and safety, and the importance of balancing automation with human expertise for sustainable growth. William also highlights AI's future potential to mitigate risks and amplify human capabilities in the energy sector, advocating for collaboration over competition and emphasizing ethical AI implementation in his approach.
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Click here to watch a video of this episode.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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