artificial intelligence

Siemens Invests €2 Billion to Accelerate Global Digitalization and Sustainability Initiatives

Siemens is making a strategic €2 billion investment to fuel future growth and innovation. The initiative includes the creation of high-tech factories, innovation labs, and education centers around the globe, with a focus on the booming Asian markets. This move reinforces Siemens’ strategy of bridging the real and digital worlds, highlighting a significant commitment to the most relevant global markets.

European Tech Resilience Amid Global Retraction: A New Era of Innovation in Adversity

In the midst of a global investment slowdown, the European tech industry is demonstrating unprecedented resilience. The ecosystem is thriving, closing the early-stage funding gap with the US, and showing an increased focus on AI and climate solutions. Even though challenges persist, with funding and valuations adjusting to long-term averages, the future of European tech holds promise. As we navigate this new market reality, the tech industry is poised to emerge stronger, more innovative, and more resilient than ever before.

Siemens and Microsoft drive industrial productivity with generative artificial intelligence

With the new Teamcenter app for Microsoft Teams, anticipated later in 2023, the companies are enabling design engineers, frontline workers and teams across business functions to close feedback loops faster and solve challenges together. For example, service engineers or production operatives can use mobile devices to document and report product design or quality concerns using natural speech. Through Azure OpenAI Service, the app can parse that informal speech data, automatically creating a summarized report and routing it within Teamcenter to the appropriate design, engineering or manufacturing expert. To foster inclusion, workers can record their observations in their preferred languages which is then translated into the official company language with Microsoft Azure AI.

How Generative AI is Transforming Work.

Generative AI is rapidly changing the landscape of white-collar work. This technology creates opportunities for professionals to focus on higher-value tasks and drive innovation by automating tasks, streamlining processes, and providing valuable insights. Although job displacement is a valid concern, embracing the potential of generative AI and preparing for the future of work can help professionals stay ahead in a rapidly changing world.

Daimler Truck collaborates with Siemens to build an integrated digital engineering platform.

Siemens has announced its partnership with Daimler Truck AG to develop an end-to-end digital engineering solution. The partnership aims to optimize the entire development process for Daimler’s commercial vehicles, from concept to production. The solution will be based on Siemens’ Teamcenter portfolio, a comprehensive PLM (product lifecycle management) software, and will enable Daimler to increase efficiency, reduce costs and accelerate time-to-market for its trucks. The project is part of Daimler Truck AG’s Xcelerator portfolio, a range of initiatives aimed at driving innovation and digitalization in the commercial vehicle industry.