AINewsnow

Breaking: Schneider Electric to Acquire Engineering Software Giant PTC for $23.7B

This story is from 2026-10-06. It is preserved in the archive; the latest stories are on the live feed.

Breaking: a $23.7 billion deal just rattled the engineering software world. Schneider Electric, one of the planet's biggest industrial giants, is buying PTC outright. It's an all-cash deal at $205 per share. That's a 42% premium over PTC's last closing price. Quick context on PTC: they make Creo, t…

Read the full story at DEV Community — AI ↗

Timeline · 1 report

  1. 2026-10-06 01:18 · DEV Community — AI
    Breaking: Schneider Electric to Acquire Engineering Software Giant PTC for $23.7B

More stories

  1. Introducing GLM 5.3 on Amazon Bedrock — AWS Machine Learning Blog
  2. Trump’s big AI move: ‘Super Intelligence Force’ launched, Jay Clayton named AI czar — Mint AI
  3. Sam Altman to Decoded: ‘The world should accept some bad things happening’ for the benefits of AI — Politico Technology
  4. OpenAI safety employee resigns, claiming the company’s ‘culture is broken’ — TechCrunch AI
  5. Aleph-Alpha/Kolibri-1 · Hugging Face - 78B parameters. 3.46B active. Up to 1M tokens of context - Apache 2.0 — r/LocalLLaMA
  6. Nvidia-backed Reflection AI unveils its first open model, Beam. Could it be America’s best chance to compete with China? — Fortune AI
  7. Supercharge regulated workloads with Claude Code and Amazon Bedrock — AWS Machine Learning Blog
  8. can i run qwen flash next with these specs, or am i out of luck? — r/LocalLLM

Get the daily brief of stories like this at 6:30 every morning →