Spire Global Jumps on Nvidia Deal for AI-Driven Weather Forecast
- Shares spike as much as 58%, the most since its IPO in 2021
- Space-based data firm aims for ‘new era of accuracy’
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Spire Global Inc. surged the most since it debuted as a public company in 2021 after the provider of space-based data analytics announced a partnership with Nvidia Corp. to advance artificial intelligence-driven weather prediction.
Shares jumped as much as 58% on Tuesday to its highest level since February 2022. Spire said Monday that via the new collaboration with the chipmaker it “aims to usher in a new era of accuracy in weather forecasting” by combining its data sets and analysis with Nvidia’s AI platforms and APIs.