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Schneider Electric targets Shanghai firms in AI push

Move aimed to help firm to compete with ABB, GE, Siemens in new field

The China arm of Schneider Electric, the Rueil-Malmaison, France-headquartered company, is seeking to collaborate with various businesses in Shanghai to integrate the internet of things, or IoT, into traditional industries.

John Tuccillo, senior vice-president, industry and government affairs at Schneider Electric, believes the IoT can be used in different industries as part of digitalization of manufacturing.