Honeywell CEO says AI will 'redefine automation' as labor shortages mount

Honeywell CEO Vimal Kapur told CNBC's Jim Cramer that AI is creating a major growth opportunity for the industrial conglomerate's next chapter. "The power of AI is going to redefine automation," Kapur said on " Mad Money " on Thursday. His comments come as Honeywell prepares to spin off its aerospace business on June 29, leaving behind a pure-play automation company . …