Caterpillar plans to invest $100 million in AI training for employees over five years, applying its mining automation experience to AI deployment.
Caterpillar is applying its experience in mining automation to broader artificial intelligence (AI) deployments. Jaime Mineart, the company's Chief Technology Officer, stated that Caterpillar plans to invest $100 million over the next five years to train its 118,000 employees in AI, automation, and robotics. The company has already applied AI to tools such as the Cat AI assistant, which helps field technicians with repairs and troubleshooting, and leverages 16 petabytes of proprietary data generated by its 1.6 million connected devices worldwide. Caterpillar reported record second-quarter revenue of $20.5 billion, partly driven by strong demand for power generation equipment from data centers, with sales in that segment surging 72% to $3.1 billion.
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