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- by finance.yahoo.com
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Saudi Aramco-backed Cognite taps India in AI expansion bet
Saudi Aramco-backed industrial software firm Cognite on Wednesday opened its AI services center in the southern Indian city of Bengaluru and said it was exploring potential contracts with top conglomerates in the country. "Cognite is betting on India and is investing millions of U.S. dollars currently and our investment in India will continue to increase," chief strategy officer Hakon Bjerke said. Cognite makes software that allows companies to improve the operations and safety of industrial installations, such as oil and gas platforms.