Siemens CEO Sees AI Boom Fueling Lasting Industrial Demand

WATCH: CEO Roland Busch discusses Siemens’ growing factory automation business and demand for electrification products from data centers.Source: Bloomberg

Siemens AG expects the boom in artificial intelligence for industry and related software solutions to keep fueling its business, after data center and automation demand rose.

The company, raising its outlookBloomberg Terminal for earnings per share for fiscal 2026, also sees little risk of disruption from AI to its suite of software products, Chief Executive Officer Roland Busch said Thursday. He cited cost and complexity in industrial and simulation software, with no room for error, as a key hurdle insulating its offering.