Schneider Electric is acquiring industrial AI company Cognite for $3.1 billion in an all-cash deal, signaling a major strategic bet on AI-driven industrial transformation. The acquisition positions Sc…
Goldman Sachs strategists have turned bullish on European equities, citing surging hyperscaler capital expenditure that they now estimate at $754 billion for 2026. The bank argues that European indust…
Aker ASA sold Cognite to Schneider Electric for $3.1 billion, netting a 20x return on its investment, and is reinvesting the proceeds into Nscale, a European AI infrastructure provider, becoming its l…
French electronics conglomerate Schneider Electric has acquired Norwegian AI company Cognite for $3.1 billion (30 billion SEK), with seller Aker expecting proceeds of 14.7 billion NOK. Cognite, a prov…
Schneider Electric acquired Norwegian industrial AI company Cognite for $3.1bn in cash, aiming to integrate its data and AI platform into its Aveva software unit. The deal positions Schneider to lead …
Schneider Electric acquired Cognite for $3.1 billion in late June 2026, marking the largest Norwegian software exit. The deal gives Schneider ownership of Cognite's industrial data platform, which con…
Nvidia is leading a transition to 800-volt direct current (800 VDC) power architecture for AI data centers, aiming to reduce energy waste and copper usage. The shift could reshape the energy supply ch…
NVIDIA's new Rubin AI servers achieve 100% liquid cooling with coolant temperatures up to 45°C, eliminating fans and reducing data center cooling energy by up to 40%. The closed-loop system uses dry c…
Corporate leaders are confronting ballooning AI costs as employees overuse the technology, with Uber burning through its entire 2026 AI budget in four months and one client spending half a billion dol…
France is advancing its AI infrastructure with NVIDIA technologies, including Mistral's new 44-megawatt data center and a planned 1.4-gigawatt AI campus. The ecosystem is deploying open models tailore…
Shares of India-listed Schneider Electric Infrastructure surged 10% to hit the daily upper circuit on Monday after parent Schneider Electric announced a strategic collaboration with Foxconn to develop…
Schneider Electric and Foxconn announced a strategic collaboration on June 15 to design and scale next-generation AI data-centre infrastructure. The partnership combines Schneider's power and cooling …
Schneider Electric and Foxconn have formed an alliance to accelerate AI data center deployment, combining expertise in power infrastructure and hardware at scale. The partnership aims to meet surging …
Oracle Corp. reported a $54.75 billion capital expenditure surge in fiscal 2026 as it builds five massive datacenters totaling 5.5 gigawatts of capacity to support AI processing, with a $638 billion r…
Schneider Electric is raising €800 million through convertible bonds due 2034, with most proceeds used to retire existing debt and support its data center business. The energy management company, whic…
SoftBank will invest up to €75 billion ($87 billion) to build 5 gigawatts of AI data centre capacity in France, marking the Japanese conglomerate's largest European infrastructure commitment. The firs…
Schneider Electric Chief AI Officer Philippe Rambach said enterprises fail to scale AI because they treat it as innovation rather than applying standard product development rigor. Rambach's team of 40…
Schneider Electric, a French multinational energy technology company, is using artificial intelligence to make its 160,000 workers more productive rather than replacing them. The company identified re…
TeraWulf is converting its Lake Mariner Bitcoin mining site near Buffalo, New York into a 750-megawatt AI and HPC datacenter campus, with construction underway on a 200-megawatt, 330,000-square-foot f…
Schneider Electric executives predict no more than 10 percent of new AI nodes will adopt 800-volt power by 2030, despite Nvidia pushing the high-voltage architecture for its Kyber rack design targetin…