Industrial technology major Siemens will be focusing on delivering artificial intelligence-based solutions to its customers over selling simple components to differentiate itself and enrich its margins, a top executive at the firm said.
The German company, with a revenue of â¬77.8 billion in fiscal ended September 2023, is also exploring the development of large language model-based interface for industrial solutions that will help its clients simplify industrial design and automation, according to Peter Koerte, who is the chief technology officer, chief strategy officer and a board member at Siemens AG.
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