BRIEF

on Schaeffler AG (isin : DE000SHA0159)

Artificial Intelligence Boosts Industrial Efficiency: Schaeffler and Siemens Enhance Collaboration

Schaeffler AG and Siemens AG announced a deepened collaboration with the signing of a memorandum of understanding (MoU) focusing on the enhancement of artificial intelligence (AI) in industrial production. This partnership aims to pioneer advanced digital solutions on the shop floor, emphasizing innovative, AI-driven industrial applications.

The announcement was made at the Hannover Messe, where both companies showcased the "Siemens Industrial Copilot." This AI assistant, linked to Schaeffler's Special Machinery, facilitates more efficient operations by enabling voice-activated complex automation coding. This not only leverages AI for better productivity but also supports workers by easing interactive processes with the machinery.

Leaders from both Schaeffler and Siemens have expressed that digitalization and AI are crucial to evolving modern production landscapes. Through their collaborative effort, they aim to bring generative AI capabilities that could revolutionize maintenance and operational procedures in manufacturing.

R. H.

Copyright © 2024 FinanzWire, all reproduction and representation rights reserved.
Disclaimer: although drawn from the best sources, the information and analyzes disseminated by FinanzWire are provided for informational purposes only and in no way constitute an incentive to take a position on the financial markets.

Click here to consult the press release on which this article is based

See all Schaeffler AG news