Spire Global Enters Deal with Financial Firm for Weather Forecasts

High-Resolution Weather Forecast model from Spire

Spire Global has entered a multi-million-dollar deal with an unnamed financial firm to provide its High-Resolution Weather Forecast model. This model offers a six-day outlook powered by space data and develops an AI-powered model for long-range forecasting. Spire announced the deal on April 29. 

Through this deal, Spire will utilize its recently announced collaboration with AI firm NVIDIA. Spire plans to leverage NVIDIA’s Earth-2 weather and climate change modeling platform to train and run AI weather models. These models aim to increase the accuracy of weather forecasts and produce long-range forecasts. 

“As climate change causes more volatile and extreme weather patterns, our models are equipping financial firms with the crucial insights needed to anticipate weather’s influence on price dynamics and market trends,” said Michael Eilts, general manager of Weather & Climate at Spire.

Spire announced the launch of its High-Resolution Weather Forecast model in November 2023.