The HC Commodities Podcast
Strategy and AI with Dr. Seth Dobrin
Sep 10, 2024
Seth Dobrin, CEO of QuantmA1 and former Global Chief AI Officer at IBM, dives into the world of AI in commodities and agriculture. He discusses the lag in AI adoption within these sectors, emphasizing the need for tailored models to enhance supply chains. Seth also explores AI's transformative potential in energy, predictive analytics for trading, and the relationship between innovation and shareholder value. He highlights the importance of responsible AI development and the regulatory landscape that companies must navigate.
49:58
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Quick takeaways
- AI is revolutionizing the commodities sector by enabling data-driven decisions in agricultural practices, leading to increased crop yields and market stability.
- Despite the potential of AI, the commodities trading sector faces challenges in adoption due to outdated methods and disconnections in supply chain information flow.
Deep dives
The Role of AI in Commodities
AI is transforming the commodities sector by enhancing product development and optimizing agricultural practices. The application of machine learning to agricultural seed development at companies like Monsanto has led to increased yields and better resilience against conditions like drought. This shift allows farmers to make data-driven decisions about seed selection based on anticipated weather patterns and macroeconomic trends. By improving the reliability of commodity production, AI ultimately supports a more stable market for these essential goods.
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