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Sydney-based Gridsight has raised AU$7.5 million (US$4.5 million) in a Series A funding round led by Airtree Ventures, with participation from Energy Transition Ventures, Aera VC, and Australian cricket captain Pat Cummins. The funds will enhance Gridsight’s AI platform, which aids electricity grid operators in optimizing renewable energy integration and managing grid performance. The company collaborates with half of Australia’s grid operators and aims to support renewable energy adoption while reducing household electricity costs.
UBS has upgraded Schneider Electric to a "Buy" rating with a target price of 290 euros, citing expectations of solid quarterly results at the end of April. Analyst Andre Kukhnin believes the current lower share price presents an attractive entry opportunity, with no anticipated changes to the company's 2025 organic sales and margin targets.
UBS has rated Schneider Electric as a 'Buy', but the information provided is for informational purposes only and does not constitute a recommendation to buy or sell. Investing in securities carries risks, including the potential total loss of capital, and does not replace tailored expert investment advice. No liability for the accuracy or completeness of the information is assumed.
Schneider Electric is set to invest over $700 million in the United States to support the growing demand for artificial intelligence technologies. This significant financial commitment underscores the company's dedication to enhancing infrastructure and innovation in the AI sector.
The Dubai AI Festival will return on April 23-24, 2025, at Madinat Jumeirah, showcasing Dubai's commitment to AI innovation and economic growth. Expected to attract over 8,000 industry experts and 100+ speakers, the event will explore AI's transformative impact across various sectors, emphasizing responsible deployment and ethical challenges. Registrations are now open for this pivotal gathering of global leaders and innovators in artificial intelligence.
Fast Company Middle East and Schneider Electric are launching "AI Data Centers Decoded," a content series exploring how AI is transforming data infrastructure. As the Middle East emerges as an AI innovation hub, the demand for high-performance computing and sustainable data centers is surging, necessitating innovative solutions to meet evolving challenges. Industry leaders will discuss the critical role of data centers in digital transformation, emphasizing efficiency, security, and sustainability.
Recent discussions between U.S. President Trump and leaders of Russia and Ukraine have raised hopes for a peace deal, which could positively impact European stocks. Analysts at UBS suggest that a ceasefire may lead to reconstruction opportunities in Ukraine, lower energy prices, and reduced consumer costs, benefiting companies like Ryanair, EasyJet, and Siemens.
The IoT in utilities market is projected to grow from $47.1 billion in 2024 to $94.8 billion by 2031, driven by smart grid deployment and urbanization. Key players like IBM, Cisco, and Itron are innovating through partnerships and technology integration to enhance operational efficiency and sustainability in utility services.
Chinese start-up DeepSeek has launched its AI model R1, which rivals US applications like ChatGPT at a fraction of the cost, causing significant market shifts. Despite US trade restrictions, DeepSeek claims to have trained R1 using only 2,000 Nvidia chips, raising questions about the future of AI investments and US dominance in the sector. The model's success has led to a sharp decline in Nvidia's stock and has prompted concerns over the viability of data center investments, as well as potential political tensions between the US and China.
Analysts have updated their recommendations for several companies, with notable changes including Accor's price target raised to EUR 54 and Legrand upgraded to buy with a target of EUR 125. UBS Group was downgraded to underperform, while Renault's target increased to EUR 68. Other adjustments include Michelin and Ipsen, both seeing target revisions.
Schneider Electric S.E.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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