Core Insights - Planette has launched Joro, a forecasting platform designed for financial institutions, insurers, and data-focused professionals, providing comprehensive probability distributions for temperature and precipitation globally [1][2] - Joro utilizes a combination of physics-driven climate models and AI, offering multiple forecast horizons including weekly, monthly, and seasonal projections [2][4] - The platform aggregates data from various sources, including the National Oceanic and Atmospheric Administration and the European Centre for Medium-Range Weather Forecasts, enhancing the accuracy of forecasts [3][4] Company and Industry Implications - The introduction of Joro addresses the limitations of traditional forecasting methods, which often fail to provide a complete picture of potential weather outcomes, crucial for risk assessment in trading and insurance [3][5] - Planette's co-founder emphasized the need for better predictive tools in the insurance sector, as companies are currently facing challenges such as rising rates and market exits due to inadequate risk prediction capabilities [5][6] - Joro aims to empower professionals to make informed decisions by providing insights into low-probability, high-impact weather events, thereby improving operational planning in high-risk areas [6]