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European Firms Grow with AI Boom
The source of your article focuses on how major European companies are expanding into artificial intelligence, especially through acquisition strategies and technology development, with an emphasis on their efforts to strengthen the software and equipment sectors. The article highlights that companies like Schneider Electric and Siemens have invested in software and engineering fields, while ABB concentrated more on equipment and organic growth rather than acquiring software companies. The report also points out that the AI boom has led to significant shifts in industrial sectors, accompanied by concerns over a potential bubble in valuations. European companies have spent over $79 billion on acquisitions over the past decade and aim to establish pioneering positions in the field of "industrial artificial intelligence."
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