Siemens to invest 1b euros in new startups unit

Siemens to invest 1b euros in new startups unit

Siemens AG logo is seen during official opening of headquarters in Munich, Germany, June 24, 2016. REUTERS/Michaela Rehle

German industrial group Siemens plans to invest 1 billion euros ($1.1 billion) over the next five years in a new startups unit to help it develop businesses in areas such as artificial intelligence and decentralised electrification.

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