New Companies
Tuesday, 6/30, 05:43 PM
Schneider Electric Buys Industrial-AI Firm Cognite for $3.1 Billion
- Schneider Electric is buying Cognite, an industrial-AI software company, for $3.1 billion in cash — one of Europe's biggest industrial-software deals and a clear sign that the race to apply AI to factories, grids and energy is now a buying spree.