US Steel Invests In Carnegie Foundry To Accelerate Automation Capabilities


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  • United States Steel Corp (NYSE:X) disclosed a strategic investment in robotics and AI studio Carnegie Foundry. Deal terms were not disclosed.
  • The parties will work to accelerate and scale industrial automation driven by advanced robotics and AI.
  • As part of the strategic relationship, U. S. Steel will join Oshkosh Corp (NYSE:OSK), both anchor investors, on the Carnegie Foundry board of directors.
  • Pittsburgh-based Carnegie Foundry will use this investment to accelerate venture opportunities - commercializing and scaling its industrial automation portfolio of robotics and AI technologies.
  • Price Action: X shares traded higher by 0.97% at $19.16 and OSK higher by 3.19% at $120.50 on the last check Wednesday.

Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.


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