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Larry Ellison announced the venture with Elon Musk on Oracle's earnings call on Monday. The tool will help farms plan, predict, and increase their agricultural output, Ellison said. AdvertisementElon Musk's SpaceX is teaming up with Larry Ellison's Oracle to help farms plan and predict their agricultural output using an AI tool. Larry Ellison said on Oracle's earnings call on Monday that it's collaborating with Musk and SpaceX to create the AI-powered mapping application for governments. "We're doing that again in concert with Elon Musk and SpaceX to do this kind of mapping," Ellison said, according to a transcript provided by Seeking Alpha.
Persons: Larry Ellison, Elon Musk, Ellison, , Elon, Larry Ellison's Oracle, Musk, Tesla, SpaceX, John Deere, John Deere's, Jahmy Hindman, Oracle didn't Organizations: SpaceX, Oracle, Elon, Service, Alpha, Tesla, Business
Jahmy Hindman is senior vice president & chief technology officer of Deere & Company , a position he has held since July 2020. The best example of this is our See & Spray technology. Before AI, farmers had to spray the entire field to get rid of the weeds. AI will also help us reach our goal of creating a fully autonomous production cycle for corn and soybean farmers by 2030. An example of this is the ability to retrofit See & Spray technology onto a sprayer built in 2018.
Persons: Jahmy Hindman, Hindman, John Deere, we've, we'll, we're, It's, it's Organizations: Deere & Company, Solutions, CNBC, Summit, Technology, Big Tech, Hindman : Technology, Deere Locations: Hindman
But the farm equipment maker has been planting the seeds for an increasingly high-tech and autonomous future – one that critically hinges on space. But connectivity is the linchpin of this vision, and space fills a void left by fiber and traditional cellular signals. "We think satellite communications is a really intriguing, interesting technology to pursue to sort of solve that communications gap." Last fall the company put out a request for proposal to the satellite communications industry to partner on space-based connectivity services. "We had this opportunity to bring two industries together — satellite space communications and agriculture — and say, 'What kind of value could we create?'"
John Deere's Chief Technology Officer Jahmy Hindman told CNBC the world's largest agriculture equipment player is in the process of finalizing a satellite partner. As to when satellites will become in use, Hindman said Deere is "right at the cusp" of solving the connectivity problem for farmers. With more money in the bank, farmers are expected to continue spending on agriculture equipment, where John Deere remains a leader. Gabelli Funds has been a longtime investor in the agriculture equipment maker and remains bullish. The big wild card: the ongoing war in Ukraine which has sent agriculture prices skyrocketing.
John Deere CTO explains plan to use satellites
  + stars: | 2023-01-03 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailJohn Deere CTO explains plan to use satellitesJohn Deere plans to use satellites to create a digital farm footprint, Deere CTO Jahmy Hindman tells CNBC's Seema Mody.
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