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The Economic Times
The Economic Times

AI orders flow in at Germany's Siemens but profit slips

Siemens reported Wednesday strong growth in orders from spending related to the artificial intelligence boom, even as Germany's biggest company reported a slight fall in second-quarter profit.

Along with France's Schneider Electric and Switzerland's ABB, engineering giant Siemens has benefited from massive spending on data centres in the United States that provide the computing power for AI.

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