PTC will get a $1 billion investment as part of a new strategic partnership with Rockwell Automation with a goal to advance their vision of software-driven factories and industrial operations. They expect the partnership to strengthening the pitch of both companies. Read more at Xconomy.
The more 1-million-square-foot Arsenal Mall project in Watertown recovered support from investors in the amount of $109 million. The project is slated to include 425 apartments, a 150-room Hampton inn and 250,000 square feet of retail and restaurant space. Read more at Curbed Boston.
MIT Scalable Cooperation Lab researchers successfully created a “psychopathic” artificial intelligence platform named Norma to show the way in which data used to teach a machine learning algorithm influences its behavior. Read more at the Boston Business Journal.