General Electric Company is an American multinational conglomerate incorporated in New York State and headquartered in Boston. As recently as 2018, the company operated through the following segments: aviation, power, renewable energy, digital industry, additive manufacturing, locomotives, and venture capital and finance. Three years later, in 2021, the conglomerate had divested from several areas, and primarily consisted of the first four segments: aviation, healthcare, power, and renewable energy.
In 2020, GE ranked among the Fortune 500 as the 33rd largest firm in the United States by gross revenue. In 2011, GE ranked among the Fortune 20 as the 14th-most profitable company but later very severely underperformed the market as its profitability collapsed. In 2021, a turnaround at GE started to take shape. Two employees of GE—Irving Langmuir and Ivar Giaever—have been awarded the Nobel Prize.
During 1889, Thomas Edison had business interests in many electricity-related companies, including Edison Lamp Company, a lamp manufacturer in East Newark, New Jersey; Edison Machine Works, a manufacturer of dynamos and large electric motors in Schenectady, New York; Bergmann & Company, a manufacturer of electric lighting fixtures, sockets, and other electric lighting devices; and Edison Electric Light Company, the patent-holding company and the financial arm backed by J. P. Morgan and the Vanderbilt family for Edison's lighting experiments.