World Economy
0

GE to Partner Huawei

GE to Partner HuaweiGE to Partner Huawei

General Electric Co on Wednesday said it would partner with Huawei Technologies Co Ltd to develop smart machines designed to boost productivity, part of a drive to promote its “industrial internet” business in China, Reuters reported. The US industrial giant announced the partnership as it launched an $11 million digital space in Shanghai, where it plans to incubate start-ups and have developers work on new software applications to make machines more intelligent. The move is part of GE’s ambitious plans to lead a productivity revolution in global industry by combining machinery with analytics, after selling off its financial assets and embarking on a major restructuring.

 

Financialtribune.com