Next-generation AI factories are forcing power equipment firms to rethink their portfolios in the race to profit from a market expected to be worth more than $200 billion a year.

Next-generation AI factories are forcing power equipment firms to rethink their portfolios in the race to profit from a market expected to be worth more than $200 billion a year.

Schneider Electric SE agreed to buy Cognite in a $3.1 billion all-cash deal to expand its industrial data and AI software operations, part of an accelerating push to modernize Europe’s factories.

Pressure to become more efficient has Europe racing to bring artificial intelligence to the shop floor. 

Elizabeth Hackenson, Chief Information Officer at Schneider Electric speaks with Bloomberg’s Sofia Economopoulos about sustainability and digital infrastructure at Bloomberg Tech 2026 in San Francisco. (Source: Bloomberg)

Schneider Electric SE is planning to sell €800 million ($930 million) of debt following a powerful rally on the back of its increasing incursion into the business of supporting data centers.

Schneider Electric SE is planning to sell €800 million ($930 million) of debt following a powerful rally on the back of its increasing incursion into the business of supporting data centers.

Schneider Electric Chairman Jean-Pascal Tricoire discusses how geopolitical tensions are reshaping global energy production, the growth potential across the African continent, and the role of energy efficiency and AI in powering the continent’s future. He speaks with Bloomberg TV's Jennifer Zabasajja at the Africa CEO Forum in Kigali. (Source: Bloomberg)

Oracle Corp. named Schneider Electric SE executive Hilary Maxson as its chief financial officer to help the company navigate massive data center development plans and an accompanying cash crunch.

Insight with Haslinda Amin, a daily news program featuring in-depth, high-profile interviews and analysis to give viewers the complete picture on the stories that matter. The show features prominent leaders spanning the worlds of business, finance, politics and culture. (Source: Bloomberg)

Artificial intelligence, which is emerging as one of the big drivers of global energy demand, also has major potential to help conserve electricity, according to Schneider Electric SE.

Chip maker Broadcom's failure to meet investor's lofty AI expectations drives its shares and Nasdaq futures lower, a day after Oracle's big stumble. This came after a record close for the S&P following the Fed rate cut. Swiss banking giant UBS saw its shares soar after local lawmakers propose favorable changes that could impact the lender's ability to meet capital requirements. The Opening Trade has everything you need to know as markets open across Europe. With analysis you won't find anywhere else, we break down the biggest stories of the day and speak to top guests who have skin in the game. Hosted by Anna Edwards and Guy Johnson. (Source: Bloomberg)

Schneider Electric SE announced a share buyback program of as much as €3.5 billion ($4.1 billion) through 2030 as it targets growing profitability over the next five years, driven by artificial intelligence and electrification.

The US faces a potential electricity crisis this decade as a surge in demand to power data centers bumps into the cold reality of aged and vulnerable grids.

The US faces a potential electricity crisis this decade as a surge in demand to power data centers bumps into the cold reality of aged and vulnerable grids.