Siemens has invested €1B (~$1.1B) in creating the Erlangen Industrial Metaverse Hub to revolutionize industrial applications.

 

Siemens has invested €1B (~$1.1B) in creating the Erlangen Industrial Metaverse Hub to revolutionize industrial applications.  The substantial investment reflects Siemens' conviction in the potential of mixed reality (MR) technology and its transformative effects on the industrial sector. Siemens' €1B investment is focused on the Erlangen Industrial Metaverse Hub in Germany. The move signifies Siemens' intent to be at the forefront of applying MR technology in the industrial sector. The hub will bring together expertise in engineering, software development, and user experience to leverage the full potential of the metaverse. Siemens believes the metaverse could transform various industrial applications, including manufacturing, design, maintenance, and training. Siemens' blueprint for the industrial metaverse will integrate various technologies like digital twins and artificial intelligence (AI). Previously Siemens partnered with Nvidia to advance the industrial metaverse connecting Nvidia's Omniverse platform with Siemens' software and solutions.