Simens to Invest €2B in Industrial Metaverse

Siemens plans to invest about one billion Euros in Germany, including about 500 million Euros in a new technology campus in Erlangen. The campus will be the center for technology activities related to the Industrial Metaverse. The investments are part of Siemens AG's global investment strategy. A total of two billion euros will be invested in Europe, the United States, China and Southeast Asia.
 
Industrial Metaverse under construction

Although the hype surrounding the virtual, photorealistic, physics-based replication of the real world has died down somewhat, many large corporations are still working on the Industrial Metaverse.
 
Siemens builds global hub for industrial Metaverse

Siemens also sees the industrial Metaverse as an important tool for future developments. “Together with our partners, we are developing new digital technologies in the Metaverse and revolutionizing the way we produce in the future – much more efficiently, flexibly and sustainably,” says Roland Busch, CEO of Siemens AG.


Source: Mixed News