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, with an eye to strengthening its AI software and industrial data business. The deal highlights the evolving nature of industrial AI, which for years simply followed what was happening […] The post Schneider Electric acquires Cognite for $3.1B in industrial AI push appeared first on SiliconANGLE .