(Yicai) June 4 -- The Shanghai Academy of Artificial Intelligence for Science and Fudan University jointly released the second and more accurate version of its AI model for climate and weather forecasting.

Fuxi 2.0 enables a wider range of industries, especially the new energy and aviation ones, to access more precise meteorological data to optimize their operations, the two Shanghai-based institutions announced yesterday.

For the new energy industry, Fuxi 2.0 offers more precise wind speed, irradiation, and power generation forecasts to optimize grid integration and enhance the power grid's stability. For the aviation sector, it can provide accurate weather information for flight scheduling, such as low cloud cover, thus reducing flight delays and cancellations.

Fuxi 2.0 can also help the financial market investment and risk management industries by providing financial institutions with more accurate weather forecasts to optimize the design and pricing of weather derivatives and better respond to and manage climate risks.

The computational costs of Fuxi 2.0 are significantly lower than those of other traditional numerical weather forecast systems, Li Hao, head of the earth science research team at the Shanghai Academy of Artificial Intelligence for Science, told Yicai. "This opens up scenarios that were previously non-existent or unusable," Li explained.

At the launch event for Fuxi 2.0, the Intelligent Meteorological Innovation Ecosystem Alliance was also established. The alliance will focus on new electric power systems, climate risk, urban resilience, financial market investment, and risk management to promote the innovation and application of meteorological technology.

Editor: Futura Costaglione