(Bloomberg) -- General Electric Co. wants investors to know why the world’s largest maker of jet engines and gas turbines decided to set up shop on the edge of Silicon Valley.
The industrial behemoth intends to become one of the top 10 global companies in software -- yes, software -- by the end of the decade. While perhaps a tall order, the effort goes beyond buzzwords: GE is already generating billions of dollars from digital operations, which may grow to represent as much as 25 percent of earnings in the coming years, according to William Blair & Co.
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