US Steel Invests In Carnegie Foundry To Accelerate Automation Capabilities

January 26, 2022 12:10 PM | 1 min read | Make a Comment

United States Steel Corp 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 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.

Posted In: News Briefs

Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.