Could artificial intelligence save the Pentagon $15 billion a year?

The first time Chinese government officials came to visit Tom Siebel in hopes of convincing him to work on artificial intelligence projects it was 2011. Then delegations of mayors and senior leaders came back in 2012, and in 2013, and in 2014.

Siebel is a businessman based in Silicon Valley. He founded business application software company Siebel Systems in 1993, sold it for $5.9 billion in 2006, and in 2011 started another company: C3IOT, which is known as C3.ai.

An artificial intelligence company specializing in predictive analytics, C3.ai has helped Baltimore Gas Electric save $20 million annually by checking the health of the utility’s meters and reducing the amount of unbilled energy usage. The company’s web site also boasts testimonials from Fortune 500 giants, such as 3M and Shell. Since its founding, C3 has invested more than $500 million in a software stack that performs artificial intelligence tasks.

Read the full article and more in C4ISRNET.