The Latest Breaking News from Schneider Electric

Nvidia Corporation (NASDAQ:NVDA) shares are trading higher Friday. Schneider Electric (OTC:SBGSY) announced it is collaborating with Nvidia to develop an 800 VDC sidecar capable of powering racks of up to 1.2 MW to support next-generation Nvidia GPUs and future iterations of Nvidia accelerated computing infrastructure.

Also: All the news and watercooler chat from Fortune.

As the first-ever EU-UK summit takes place this week, investing in grid modernisation is among one of the many topics that Schneider Electric would like addressed as it has become more important than ever for the EU to boost its energy profile and protect itself against outages.

A survey of business leaders across 15 countries shows 97% support for a transition to renewable sources of electricity, with 78% of executives stating they want their firm to transition to 100% renewables within 10 years.

The nine week programme will culminate in a ‘Finals Day’ event at F1Ò DRIVE London, the in-stadium electric karting track

Four hackers claim to have broken into the Spanish telco giant.

Incident is currently being investigated after Schneider Electric's Jira system was breached.

Hungry hackers have demanded that France’s Schneider Electric pay a $125,000 ransom in baguettes.

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