Siemens sets up new innovation and startups unit dubbed ‘next47’, with €1 billion in funding over five years

German engineering powerhouse Siemens today announced that it has set up an innovation unit named ‘next47’ (as the company was founded back in 1847) to “foster disruptive ideas more vigorously and to accelerate the development of new technologies”, more specifically in the fields of artificial intelligence, blockchain, autonomous machines and what it calls ‘decentralized electrification’. […]