An artificial intelligence (AI) start-up company, from the University of Sheffield Advanced Manufacturing Research Centre (AMRC) in the UK, has secured £2.2million in seed funding to make machine tool process optimisation technology accessible to a wider range of manufacturers worldwide.

Metalforming companies’ forecast for economic activity over the three months from April 2023 remained fairly steady from the preceding month, with some manufacturers expressing optimism and others anticipating headwinds. This is according to the April 2023 Precision Metalforming Association (PMA) Business Conditions Report.

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