GE Announces Industrial Cloud-Computing Service – Stocks in the News

General Electric Co. (GE) announced its plans to move into the cloud services market today, with the launch of the world’s first cloud-based solution specifically designed for industrial data and analytics. The company will spend $500 million to promote and sell its line of products that connect machines to a distant computer network designed to capture data and promote efficiency. The initiative is named “Predix Cloud” and will be sold as a service directly to companies.

Read the source article at Yahoo Finance

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