Saudi Aramco-backed Cognite taps India in AI expansion bet

Chandini Monnappa

Wed, Mar 19, 2025, 8:22 AM 1 min read

By Chandini Monnappa

(Reuters) - Saudi Aramco-backed concern bundle steadfast Cognite connected Wednesday opened its AI services halfway successful the confederate Indian metropolis of Bengaluru and said it was exploring imaginable contracts with apical conglomerates successful the country.

The institution said it had signed up with a ample concern cement institution and a large automotive steadfast but declined to supply further details.

"Cognite is betting connected India and is investing millions of U.S. dollars presently and our concern successful India volition proceed to increase," main strategy serviceman Hakon Bjerke said.

Cognite makes bundle that allows companies to amended the operations and information of concern installations, specified arsenic lipid and state platforms. It is controlled by Aker ASA, the concern steadfast of Norwegian billionaire Kjell Inge Roekke.

"The determination to travel to India was truly the large accidental present arsenic the satellite was looking for an alternate to China," CEO Girish Rishi told Reuters.

Apple, Tesla and physics constituent shaper Jabil person announced plans to grow oregon motorboat successful India pursuing Prime Minister Narendra Modi's propulsion to bring planetary companies to acceptable up centers.

The caller roar successful AI is changing the mode galore companies operate, with manufacturing firms tapping into the exertion for streamlining operations, enhancing merchandise prime and optimizing proviso chains.

Cognite, which precocious shifted its office to the U.S., presently counts AkerBP, Japanese refiner Cosmo Energy Holdings and U.S.-based Koch Chemical among its customers.

Saudi Aramco, via subsidiary Aramco Overseas Company B.V., has acquired a 7.4% involvement successful Cognite ​as of February 2022.

(Reporting by Chandini Monnappa successful Bengaluru; Editing by Shreya Biswas)