Cathie Wood's Ark Invest Sees Hope For Greener Skies With AI-Driven Flight Paths
Portfolio Pulse from Anan Ashraf
Ark Investment Management analyst, Sam Korus, sees potential in AI reducing the aviation industry's environmental impact. He cited the example of American Airlines' 70 test flights using a Google-developed AI algorithm, which reduced condensation trails by 54%. Google's algorithm creates forecast maps for contrail formation locations, enabling pilots to avoid them. However, rerouting to avoid contrails resulted in a 2% increase in fuel consumption.
August 16, 2023 | 3:48 am
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POSITIVE IMPACT
Google's AI algorithm, used in American Airlines' test flights, successfully reduced contrails by 54%. This could potentially increase demand for Google's AI solutions.
The successful application of Google's AI algorithm in reducing contrails could lead to increased demand for their AI solutions from the aviation industry, potentially boosting their stock.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
American Airlines' test flights using Google's AI algorithm resulted in a 54% reduction in contrails, but also a 2% increase in fuel consumption.
While the reduction in contrails is a positive step towards environmental responsibility, the increased fuel consumption could potentially offset these benefits and impact American Airlines' operational costs.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 90