Nvidia to Take $1B Stake in Nokia for AI Networking Growth
Nokia announced that Nvidia will take a $1 billion stake in the company, with Nokia issuing over 166 million new shares to fund AI initiatives and corporate purposes.
Nokia and NVIDIA have agreed to 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 strategic partnership also includes joint development of next-generation 6G technology. Nvidia CEO Jensen Huang is expected to discuss joint projects and future plans with Nokia at the company's developer conference.
Author's summary: Nvidia invests $1B in Nokia for AI growth.
- Nvidia's $1 billion stake in Nokia
- Over 166 million new shares issued by Nokia
- Strategic partnership for AI networking solutions and 6G technology
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