Cognite, backed by Saudi Aramco, launched an AI services center in Bengaluru, India, seeking collaborations with major local companies. The firm aims to increase investments in the region, capitalizing on India’s potential as an alternative to China amid a global shift towards AI in industry. Cognite provides software that enhances industrial operations, with notable clients including AkerBP and Koch Chemical.

Saudi Aramco-backed Cognite has recently inaugurated its artificial intelligence (AI) services center in Bengaluru, India, aiming to engage with leading conglomerates for potential contracts. While the company confirmed collaborations with a prominent cement manufacturer and a significant automotive entity, specifics remain undisclosed.

Hakon Bjerke, Cognite’s chief strategy officer, emphasized the company’s commitment, stating, “Cognite is betting on India and is investing millions of U.S. dollars currently and our investment in India will continue to increase.” Cognite’s software enhances the safety and efficiency of industrial operations, particularly in the oil and gas sector, and is managed by Aker ASA, an investment firm controlled by Norwegian entrepreneur Kjell Inge Roekke.

Cognite’s CEO, Girish Rishi, noted the strategic importance of expanding into India, citing it as a significant opportunity as global industries seek alternatives to China. The Indian market is attracting interests from various global corporations, including Apple and Tesla, fueled by Prime Minister Narendra Modi’s initiatives to welcome foreign businesses.

The surge in AI advancements is reshaping operational methodologies within numerous companies as manufacturing sectors leverage this technology for optimizing supply chains and improving product quality. Cognite, which recently relocated its headquarters to the United States, serves notable clients such as AkerBP, Japanese refiner Cosmo Energy Holdings, and Koch Chemical from the U.S.

As of February 2022, Saudi Aramco, through its subsidiary Aramco Overseas Company B.V., holds a 7.4% stake in Cognite, highlighting its vested interest in the firm’s growth and technology capabilities.

In summary, Cognite’s establishment of an AI services center in India marks a strategic move supported by Saudi Aramco. The company’s investment showcases its commitment to tapping into the Indian market, which is gaining prominence as an alternative to China. With various collaborations underway and a focus on integrating AI into industrial operations, Cognite positions itself as a key player in streamlining manufacturing processes globally.

Original Source: www.usnews.com

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