Kinder Morgan Sees Artificial Intelligence (AI) Driving Growth, but Not How You Think
During its most recent earnings conference call, midstream giant Kinder Morgan (NYSE: KMI) discussed the benefits that artificial intelligence (AI) will bring to its business. This perhaps is not surprising, as companies from all types of different industries have waxed eloquent about how AI will help their businesses. Some of the uses of AI in non-tech industries have been pretty creative; Wendy's, for example, announced it would use AI to dynamically change menu prices throughout the day to help drive sales.
In the future, Kinder Morgan might use AI to help monitor its pipelines for safety. Or perhaps it will use the technology for arbitrage opportunities, using AI to help better direct hydrocarbons through its system to get the best prices. But the big opportunity the company sees from AI at this moment is very different.
Source Fool.com
