Europe's top industrial firms cash in on AI boom as Siemens, Schneider push software
AI summary
Europe's three biggest industrial companies are cashing in on the AI boom, according to a Financial Times report by Aaron Kirchfeld relayed by Techmeme. Schneider Electric and Siemens are moving further into software, while rival ABB is betting on physical equipment instead. The report gives no specific revenue figures or timelines for the three companies.
In-depth insight
The report indicates that major European industrial groups are shifting their business focus around AI demand, with software and physical equipment framed as two different bets.
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