TECH NEWS
Industrial revolution - Schneider Electric powers ahead with a $3.1 billion gambit to plug Cognite's industrial AI into AVEVA
Energy giant Schneider Electric is to acquire Cognite, an industrial data and AI software company, in an all-cash transaction valued at $3.1 billion. Schneider plans to integrate Cognite into AVEVA, its wholly-owned industrial software business, upon completion of the deal. The goal is to build an AI industrial champion