2025-01-15
8 分钟The Economist Hello, Mike Byrd here, co-host of Money Talks,
our weekly podcast on markets, the economy and business.
Welcome to Editor's Picks.
We've chosen an article from the latest edition of The Economist,
which we very much hope you'll enjoy.
The factory floor of Schneider Electric's plant in Conselve, Italy, hums with urgency.
Workers at the Power Equipment Company's facility,
which is in the midst of a major expansion,
are busily assembling advanced cooling systems for the data centers that underpin the development of artificial intelligence,
or AI.
The key is the integration of grid-to-chip and chip-to-chiller, says Pankaj Sharma,
an executive at the French company,
referring to a new design it recently developed with NVIDIA, an AI chip giant.
Over the past year,
Schneider's market value has risen by over a third to around $140 billion.
It is not the only maker of electrical gear that is booming.
The market capitalization of Hitachi, a Japanese conglomerate,
has tripled since the start of 2022,
thanks in part to the rapid expansion of its power equipment division.
After a difficult 2023, weighed down by troubles in its wind turbine division,