STOCK TITAN

U. S. Steel Aims to Improve Operational Efficiencies and Employee Experiences with Google Cloud’s Generative AI

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Positive)
Tags
AI
Rhea-AI Summary
U. S. Steel (X) Collaborates with Google Cloud to Launch MineMind™, the Company's First Gen AI Application to Improve Efficiency and Productivity in North America's Largest Iron Ore Mine
Positive
  • U. S. Steel and Google Cloud collaboration to build gen AI applications to enhance employee experiences and drive efficiencies
  • Initial phase of MineMind™ launch in September expected to reduce work order completion time by 20%
  • Collaboration with Google Cloud demonstrates U. S. Steel's commitment to innovation and technological advancement
Negative
  • None.

MineMindwill be U. S. Steel’s first gen AI application to launch

PITTSBURGH--(BUSINESS WIRE)-- United States Steel Corporation (NYSE: X) (“U. S. Steel”) and Google Cloud today announced a new collaboration to build applications using Google Cloud’s generative artificial intelligence (“gen AI”) technology to drive efficiencies and improve employee experiences in the largest iron ore mine in North America. As a leading manufacturer engaging in gen AI with Google Cloud, U. S. Steel continues to advance its more than 100-year legacy of innovation.

U. S. Steel and Google Cloud Collaborate (Graphic: Business Wire)

U. S. Steel and Google Cloud Collaborate (Graphic: Business Wire)

The first gen AI-driven application that U. S. Steel will launch is called MineMind™ which aims to simplify equipment maintenance by providing optimal solutions for mechanical problems, saving time and money, and ultimately improving productivity. Underpinned by Google Cloud’s AI technology like Document AI and Vertex AI, MineMind™ is expected to not only improve the maintenance team’s experience by more easily bringing the information they need to their fingertips, but also save costs from more efficient use of technicians' time and better maintained trucks. The initial phase of the launch will begin in September and will impact more than 60 haul trucks at U. S. Steel’s Minnesota Ore Operations facilities, Minntac and Keetac.

When fully operational, MineMind™ will allow a U. S. Steel technician to reduce the amount of time to complete a work order by an estimated 20%. For example, the application will assist maintenance crews by guiding them through truck repairs, ordering parts and distilling complex information. The application also provides comprehensive references, providing detailed, verified source information to ensure accuracy.

“We’ve meaningfully accelerated digitization at U. S. Steel through our work with Google Cloud. Faster repair times, less down time, and more satisfying work for our techs are only some of the many benefits we expect with generative AI,” said David Burritt, president and CEO of U. S. Steel. “I’m thrilled that the U. S. Steel team is a manufacturing leader in this work.”

U. S. Steel has been utilizing innovative technologies throughout their history across its mines and mills; however, this is the Company’s first generative AI application. U. S. Steel has used machine learning, vision processing and natural language processing to reduce its energy usage and bolster the Company’s “safety first” values, among other applications.

“U. S. Steel is at the forefront of the generative AI adoption cycle,” said Michael Clark, vice president, Google Cloud, North America Regions. “Our innovative work with U. S. Steel to power operational and functional innovation with our advanced generative AI technology has the potential to not only transform manufacturing but adjacent industries – from trends and logistics, to supply chain, sustainability, process automation, and more.”

U. S. Steel will work with Google Cloud to continue building new gen AI applications, including applications providing real-time data and insights. The two companies will seek to continue to expand the relationship to solve for high-impact areas across the U. S. Steel value chain.

About U. S. Steel

Founded in 1901, United States Steel Corporation is a leading steel producer. With an unwavering focus on safety, the Company’s customer-centric Best for All® strategy is advancing a more secure, sustainable future for U. S. Steel and its stakeholders. With a renewed emphasis on innovation, U. S. Steel serves the automotive, construction, appliance, energy, containers, and packaging industries with high value-added steel products such as U. S. Steel’s proprietary XG3® advanced high-strength steel. The Company also maintains competitively advantaged iron ore production and has an annual raw steelmaking capability of 22.4 million net tons. U. S. Steel is headquartered in Pittsburgh, Pennsylvania, with world-class operations across the United States and in Central Europe. For more information, please visit www.ussteel.com.

About Google Cloud

Google Cloud accelerates every organization’s ability to digitally transform its business and industry. We deliver enterprise-grade solutions that leverage Google’s cutting-edge technology, and tools that help developers build more sustainably. Customers in more than 200 countries and territories turn to Google Cloud as their trusted partner to enable growth and solve their most critical business problems.

Amanda Malkowski

Media Relations Manager

Corporate Communications

T - (412) 736-2475

E - almalkowski@uss.com

Source: United States Steel Corporation

FAQ

What is the name of U. S. Steel's first gen AI application?

The first gen AI-driven application that U. S. Steel will launch is called MineMind™.

How will MineMind™ improve productivity?

MineMind™ aims to simplify equipment maintenance by providing optimal solutions for mechanical problems, saving time and money, and ultimately improving productivity.

What is the expected impact of MineMind™ on maintenance team's experience?

MineMind™ is expected to improve the maintenance team’s experience by more easily bringing the information they need to their fingertips, save costs from more efficient use of technicians' time, and better maintained trucks.

What other innovative technologies has U. S. Steel utilized in the past?

U. S. Steel has used machine learning, vision processing, and natural language processing to reduce its energy usage and bolster the Company’s 'safety first' values, among other applications.

What are the future plans for U. S. Steel and Google Cloud collaboration?

U. S. Steel will continue to work with Google Cloud to build new gen AI applications, including applications providing real-time data and insights, and expand the relationship to solve for high-impact areas across the U. S. Steel value chain.

United States Steel Corporation

NYSE:X

X Rankings

X Latest News

X Stock Data

9.50B
224.85M
1.5%
89.81%
7.44%
Steel
Steel Works, Blast Furnaces & Rolling Mills (coke Ovens)
Link
United States of America
PITTSBURGH