15 AI News Investors Should Not Miss

Page 7 of 14

8. Honeywell International Inc. (NASDAQ:HON)

Number of Hedge Fund Holders: 50

Honeywell International Inc. (NASDAQ:HON) is a multinational conglomerate corporation engaging in aerospace technologies, building automation, energy and sustainable solutions, and industrial automation businesses in the United States, and internationally. The company is making strides in the AI space by equipping companies with AI agents that assist workers in real time.

On Monday, October 21, Honeywell International Inc. (NASDAQ:HON) signed a deal with Google to connect artificial intelligence technology with its industrial data. The collaboration seeks to connect artificial intelligence (AI) agents with assets, people, and processes to speed up safer, autonomous operations for the industrial sector. It will bring together the multimodality and natural language capability of Gemini on Vertex AI, Google Cloud’s AI platform, with the extensive data set from Honeywell Forge, a top Internet of Things (IoT) platform for industrial applications.

The AI-powered tools are designed to automate tasks for engineers, technicians, warehouse workers, and more. Customers of Honeywell International Inc. (NASDAQ:HON) across the industrial sector will be able to achieve reduced maintenance costs, improved operational productivity, and upskill employees. The first solutions will be available to Honeywell customers from 2025.

“The path to autonomy requires assets working harder, people working smarter and processes working more efficiently”.

-Vimal Kapur, chairman and CEO of Honeywell.

Page 7 of 14