FRANKFURT: German industrial group Siemens plans to invest €1bil (RM4.48bil) over the next five years in a new startups unit to help it develop businesses in areas such as artificial intelligence and decentralised electrification.
The funds will be available to employees, external startups and established companies if they want to pursue business ideas in fields that are strategic to Siemens' future, the trains-to-turbines group said on June 28.
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