Schneider Electric seals $2.3 billion in US data centre deals to power AI boom

Core Insights - Schneider Electric has signed new deals worth nearly $2.3 billion with two U.S. data center operators, driven by the increasing demand for infrastructure due to the rising adoption of artificial intelligence [1] Company Summary - The new contracts reflect Schneider Electric's strategic positioning in the data center market, capitalizing on the growth opportunities presented by advancements in artificial intelligence [1] Industry Summary - The surge in artificial intelligence adoption is significantly boosting infrastructure demand, indicating a robust growth trajectory for companies involved in data center operations and related services [1]