Schneider Electric acquires Cognite for $3.1B in industrial AI push

French multinational energy giant Schneider Electric SE said today it’s buying an industrial artificial intelligence company called Cognite Holding B.V. in a $3.1 billion all-cash deal.

The acquisition will help it to strengthen its AI software and industrial data business.

The deal highlights the evolving nature of industrial AI, which for years simply followed what […]

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