Urbana-Champaign, IL; Berkeley, CA, June 19, 2020 – The C3.ai Digital Transformation Institute, a new consortium of leading research universities and companies dedicated to accelerating the socioeconomic benefits of artificial intelligence, today announced that AstraZeneca and Baker Hughes are joining the Institute as Industry Partners.
AstraZeneca, headquartered in Cambridge, England and with research and development centers in countries throughout the world, is a leader in the development of biopharmaceutical products and medicines used by millions of patients worldwide. AstraZeneca’s portfolio of products for major disease areas include cancer, cardiovascular, respiratory, oncology, gastrointestinal, infection, and inflammation, and now COVID-19. With annual revenues of $24.4 billion (2019), AstraZeneca is one of the largest pharmaceutical companies worldwide.
Baker Hughes, headquartered in Houston, TX, provides products and services for oil and gas exploration and production. Baker Hughes leverages its research and development to invent, accelerate, and collaborate to bring transformative technologies to market and solve some of the most complex challenges in energy design and manufacturing. With operations in more than 120 countries and annual revenue of $23.8 billion (2019), Baker Hughes is one of the world’s largest oil field services companies. In a recent strategic partnership with C3.ai and Microsoft, Baker Hughes is helping lead the digital transformation of the world’s energy sector.
“We are pleased to welcome AstraZeneca and Baker Hughes to the Institute and look forward to working with these world-class, innovative companies leading digital transformation in the health care and energy sectors,” said Shankar Sastry, C3.ai DTI Co-Director and the Thomas M. Siebel Professor in Computer Science and Professor of Electrical Engineering and Computer Sciences, Bioengineering, and Mechanical Engineering at UC Berkeley. “Lessons learned from the energy and health sectors will mutually reinforce each other.”
“The Industry Partners Program fosters active collaboration between the private sector and the C3.ai DTI researchers,” said R. Srikant, C3.ai DTI Co-Director and the Fredric G. and Elizabeth H. Nearing Endowed Professor of Electrical and Computer Engineering at the University of Illinois at Urbana-Champaign. “Members, including senior officials from companies and other stakeholder organizations, act as advisors, reviewers, and mentors, offering timely input on industrial and societal needs and trends.”
The C3.ai Digital Transformation Institute Industry Partner Program enables leading companies from around the world to engage with C3.ai DTI researchers and C3.ai DTI activities. Industry Partners have the opportunity to contribute data sets that will be available for research after anonymization. Industry Partners are also encouraged to engage with Institute researchers and collaborate on research projects as well as participate in the annual C3.ai DTI Conference and attend Industry Short Courses.
Industry Partners contribute $100,000 per year to support C3.ai DTI’s operations and research, curriculum development, and education programs. Industry Partners have access to research projects funded by the C3.ai DTI and help guide the strategic direction of the Institute through participation in its Executive Committee.
About the C3.ai Digital Transformation Institute
Established in March 2020 by C3.ai, Microsoft, and leading universities, the C3.ai Digital Transformation Institute is a research consortium dedicated to accelerating the benefits of artificial intelligence for business, government, and society. The Institute engages the world’s leading scientists to conduct research and train practitioners in the new Science of Digital Transformation, which operates at the intersection of artificial intelligence, machine learning, cloud computing, internet of things, big data analytics, organizational behavior, public policy, and ethics.
The nine C3.ai Digital Transformation Institute consortium member universities and laboratories are: University of Illinois at Urbana-Champaign, University of California, Berkeley, Princeton University, University of Chicago, Massachusetts Institute of Technology, Carnegie Mellon University, Stanford University, Lawrence Berkeley National Laboratory, and the National Center for Supercomputing Applications at University of Illinois at Urbana-Champaign.
Industry partners include C3.ai and Microsoft. To support the Institute, C3.ai is providing the Institute $57,250,000 in cash contributions over the first five years of operation. C3.ai and Microsoft will contribute an additional $310 million of in-kind support, including use of the C3 AI Suite and Microsoft Azure computing, storage, and technical resources to support C3.ai DTI research.