Siemens and Microsoft to work together on AI project

© Reuters. FILE PHOTO: AI (Artificial Intelligence) letters are placed on computer motherboard in this illustration taken, June 23, 2023. REUTERS/Dado Ruvic/Illustration//File Photo   MSFT +2.27% Add to/Remove from Watchlist Add to Watchlist Add Position

Position added successfully to:


 
+ Add another position Close SIEGn +0.59% Add to/Remove from Watchlist Add to Watchlist Add Position

Position added successfully to:


 
+ Add another position Close

ZURICH (Reuters) -Siemens and Microsoft (NASDAQ:MSFT) on Tuesday announced a joint project to use artificial intelligence to increase productivity and human-machine collaboration.


The Siemens Industrial Copilot scheme will see the two companies work together to use generative AI for the manufacturing, transportation and healthcare industries.


German automotive supplier Schaeffler AG is among the companies to have adopted the Siemens Industrial Copilot, Siemens said.


No cash amounts related to the partnership, which will also supply Siemens itself, were disclosed.


The project will create AI copilots to assist staff at customer companies as they design new products, and organise production and maintenance.


It examines information gathered by Siemens and helps customers quickly create, improve and debug complex automation codes and shorten simulation times at their factories and other facilities.


Schaeffler has been using generative AI to help its engineers programme industrial automation systems like robots. It intends to use the Siemens Industrial Copilot to reduce production downtimes at its plants.


Tasks that previously took weeks to complete could now be completed in a matter of minutes, Siemens said.



"This has the potential to revolutionize the way companies design, develop, manufacture, and operate," said Siemens Chief Executive Roland Busch.


"Making human-machine collaboration more widely available allows engineers to accelerate code development, increase innovation and tackle skilled labour shortages."


Siemens and Microsoft to work together on AI project  

Related Article

European shares subdued as energy counters gains in financials

European shares subdued as energy counters gains in financials

© Reuters. The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Ge
US crude stocks up 1.3M barrels, Cushing storage hub sees build again - API

US crude stocks up 1.3M barrels, Cushing storage hub sees build again - API

© Reuters. CL+0.43%Add to/Remove from WatchlistAdd to Watchlist
Nokia to axe up to 14,000 jobs to cut costs

Nokia to axe up to 14,000 jobs to cut costs

Image source, Getty ImagesBy Mariko Oi & Tom EspinerBBC News Finnish telecoms giant Nokia is to
What is a Bond

What is a Bond

Bonds are tradable assets that are securitized versions of corporate loans issued by companies. Investors receive a fixed rate of returns from it. Read on to learn how they may work for you
Venezuela, opposition sign election deal; US weighs sanctions relief

Venezuela, opposition sign election deal; US weighs sanctions relief

© Reuters. FILE PHOTO: Venezuela's President Nicolas Maduro speaks during a meeting with Iranian Pre
Australia's central bank saw upside risks to inflation at Oct policy meeting

Australia's central bank saw upside risks to inflation at Oct policy meeting

© Reuters. Pedestrians walk past the Reserve Bank of Australia building in central Sydney, Australia