Nvidia to invest $1 billion in Finland's Nokia in AI drive
Nokia announced that Nvidia will invest $1 billion to acquire a 2.9% stake in the Finnish telecom giant. The partnership aims to strengthen Nokia’s position in 5G and AI-driven network technologies, while allowing Nvidia to expand its influence in...
By AFP | Updated:
Finland's Nokia said on Tuesday that Nvidia would make a $1 billion equity investment in the Finnish telecom equipment maker.
Nokia and Nvidia will collaborate on AI networking solutions and explore opportunities to incorporate Nokia's data-center switching and optical technologies in Nvidia's future AI infrastructure architecture, the Finnish company said in a statement.
Shares in Nokia were up 14% at 1539 GMT.
Nokia and Nvidia will collaborate on AI networking solutions and explore opportunities to incorporate Nokia's data-center switching and optical technologies in Nvidia's future AI infrastructure architecture, the Finnish company said in a statement.
Shares in Nokia were up 14% at 1539 GMT.
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