BP taps into AI with Palantir

Welcome, innovators.

bp is one of the biggest names in the oil and gas industry, but surprisingly, it’s also at the forefront of artificial intelligence (AI) integration. 

Below, we examine bp’s five-year strategic relationship with Palantir — complete with new AI capabilities.

In today’s newsletter:

  • Today’s must-read stories 📰

  • bp x Palantir

  • Prompt of the day ✍️

Today’s must-read stories 📰 

Lenovo is leveraging AI-powered PCs to drive growth in India's low-penetration PC market, with plans to make AI-enabled devices more affordable.

While it may be too early to assess AI's return on investment, Meta Platforms Head of Global Business Nicola Mendelsohn highlighted that advertisers in India are seeing significant returns.

Miami-based fintech startup Finally has raised $50 million in a Series B funding round and secured a $150 million credit line, bringing its total raised to $305 million since 2018.

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bp x Palantir

Palantir Technologies and BP have extended their strategic partnership, incorporating Palantir’s AIP software to enhance BP's operational efficiency through AI-driven decision-making.

Key takeaways

  • AI-powered decision-making: Palantir’s AIP software will now integrate large language models (LLMs) into BP's operations to accelerate human decision-making using data from over 2 million sensors.

  • Advanced digital twins: The collaboration builds on BP’s digital transformation efforts, utilizing dynamic digital twin models that combine real-time data with physical asset simulations to improve production performance.

  • Transparency and security: Palantir’s AIP ensures transparency in AI-driven recommendations, safeguarding operations against errors and incorporating auditable records of actions taken.

Our thoughts

This collaboration highlights how AI can enhance human decision-making by providing actionable insights based on massive amounts of data. Palantir's emphasis on transparency and security allows BP to confidently integrate AI into its operations without compromising reliability.

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Prompt of the day ✍️ 

Retail buyer (create a supplier evaluation document)

How it works:

This prompt guides the creation of a personalized supplier evaluation document by engaging the user for essential details, iteratively refining it with industry best practices, and rigorously evaluating the work against set criteria to ensure high-quality, actionable output.

Why use it:

A retail buyer should use this prompt because it streamlines the supplier selection process by producing a comprehensive, customized evaluation document that enhances procurement efficiency and ensures informed decision-making.

Prompt Example:

{"prompt":"Develop a tailored Supplier Evaluation Document aligned with the user's individual needs, drawing insights from the supplied reference materials. Initiate interaction with the user to obtain essential specifics and resolve any ambiguities. Iteratively refine the Supplier Evaluation Document through consistent evaluations using the given evaluationRubric and gather user input to ensure the end product aligns with the users expectations.}

You can find the prompt in its entirety here.

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