ABB’s new factory in Shanghai will use AI technology to optimize robot manufacturing quality control

An shiming, President of ABB’s robotics and discrete automation division, delivers a speech at the world artificial intelligence conference (WAIC) held July 9-11 in Shanghai, China. “The COVID-19 virus is the most important catalyst for industrial change in our time, forcing our customers to reassess their own development priorities,” An said in his keynote speech…

Emerson announces acquisition of OSI to strengthen its power distribution software products

Emerson announced a $1.6 billion cash purchase of OSI Inc.OSI is a leading provider of operating technology software. This acquisition adds to Emerson’s strong software portfolio, helping customers in the global power industry and other end markets to digitally transform their businesses and seamlessly integrate renewable energy to improve energy efficiency and reliability. Digital transformation…

Saudi Aramco Energy Ventures invests in CorrosionRADAR® predictive corrosion monitoring technology

New investment from Saudi Aramco Energy Ventures (SAEV) is driving the next phase of global growth for UK-based company CorrosionRADAR Ltd. The funding will enable CorrosionRADAR to strengthen its operations and widen efforts to address Corrosion Under Insulation (CUI) and other operational challenges through digitalisation. SAEV’s investment was part of a $5m funding round which…