IBM and NASA Create Open-Source Climate Foundation Model

The U.S. Senate passed the United States Innovation and Competition Act (USICA) on June 8th, a major step forward in providing support and financial investment in furthering the United States' competitive capabilities in technology, including semiconductor capabilities. The USICA is bipartisan legislation intended to give federal funding to key science and technology areas, including STEM research, technology transfer, semiconductor research and manufacturing, as well as NASA research activities. The bill also seeks to establish a framework for agencies including the NSF and DOE to collaborate in these areas, to help ensure U.S. leadership in science and technology.

In an announcement made in December, 2021, Verusen, a startup specializing in leveraging AI resources to support global supply chains, detailed a recently formed partnership with Machine Compare, a supplier of one of the world's largest databases for machinery and leading B2B marketplace for buyers and sellers of industrial spare parts. The partnership is aimed at enhancing the customer experience, limiting risk, reducing waste, and helping companies conduct materials management and commerce in a new and efficient way. Verusen founder and CEO Paul Noble explains the partnership is targeted to resolve a painful and wasteful process and will ultimately allow manufacturers to realize a whole new level of sustainability. For his part, Machine Compare CEO Ben Findlay is looking for a reduction in downtime, stockouts, and costs. Furthermore, the burdens lifted by the Verusen AI capabilities are targeted to reduce the amount of manpower committed to time-consuming, reactive tasks, allowing for a more proactive and long-term management of goals.