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...“Large language models and automation allow us to really scale the time and energy of our people, such that we can drive more productivity gains into 2024 and beyond,” Martin Small, chief financial officer...
...as a 25 per cent stake in ailing Siemens Energy....
...“Our members are very much worrying [about AI taking their jobs],” says Kan Matsuzaki, assistant general secretary at IndustriALL, an international union representing more than 50mn workers in mining, energy...
...Those include medical technology unit Siemens Healthineers and Siemens Energy, which in turn owns renewable energy business Gamesa....
...Steeped in lessons from making mobile phone batteries and other components for Siemens, Nokia and Motorola in its early years, BYD has developed its own in-house capabilities....
...And it is not only electronic giants like Samsung and Siemens — smaller exhibitors are also joining the AI craze....
...Ill winds from the energy crunch are doing little to buffet Siemens. The German industrial titan reported results on Thursday well ahead of expectations....
...Siemens and ThyssenKrupp are seen as bellwethers of the global economy, as their products cater to the construction industry, factory automation and infrastructure development....
...The firm also hired CenterPoint Energy’s Philip Holder as a managing director for power and utilities coverage in Houston....
...Siemens has used digital twins to manage entire factories, while General Electric has built digital twins of jet engine components to predict their lifespan and optimise maintenance schedules....
...Companies that sign up commit to sharing free access to technologies that can be used in generating and storing renewable energy....
...He believes that the way to build a dynamic legal function is to help people go beyond professional excellence and have them bring the passion and energy from their personal lives into work....
...According to two people involved, Apple made a deal with Fanuc, an automation group, to purchase its entire pipeline of CNC machines for years to come — and then it scoured the globe for more....
...For example, iShares Automation & Robotics UCITS ETF (RBOT) and L&G Global Robotics and Automation UCITS ETF (ROBG) only have one holding out of their top 10 in common, despite both running to a global mandate...
...Increased levels of automation will be critical....
...The Toshiba deal highlighted the range of Meti’s modern prerogatives from managing the fortunes of tens of thousands of small businesses, to promoting the shift to automation, policing national security...
...Shares in her flagship exchange traded fund ARKK — which makes bold bets on high-growth US-listed companies, notably in areas related to DNA technology, automation, robotics, energy storage, artificial intelligence...
...However, high upfront costs and energy needs have been big obstacles to the adoption of large automation systems....
...Or to put it another way, if you want to understand what lies behind that scary 7 per cent inflation number, don’t just track raw material, energy or cross-border shipping costs; watch those oft-ignored...
...The spin-off of Siemens Healthineers has led to a standalone company worth more than BMW, while the September flotation of Siemens’ energy unit is expected to further benefit the group....
...A version of this article was first published by Nikkei Asia on December 8 2021. ©2021 Nikkei Inc....
...Industrial automation rival Rockwell of the US trades at about 20 times earnings. On the same multiple, Digital Industries is worth €60bn, roughly two-thirds Siemens’ current market value....
...And Siemens Energy, which floated last year, is becoming less of a drag on its former parent’s share price, which is trading at an all-time high....
...Tesco Adrian Morris Group general counsel Adrian Morris held senior legal posts at energy company BP and UK utility Centrica before joining Tesco, the UK supermarket chain, in 2012....
...for automation investment....
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