Nvidia to Invest $1 Billion in Nokia for AI Networking Growth
Nokia has announced that Nvidia will take a $1 billion stake in the company, with Nokia issuing over 166 million new shares to support its AI initiatives and general corporate purposes.
The two companies have agreed on a strategic partnership to develop next-generation 6G technology and collaborate on AI networking solutions.
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 announcement precedes Nvidia CEO Jensen Huang’s keynote at the company’s developer conference, where he is expected to discuss joint projects and future plans with Nokia.
Author's summary: Nvidia invests $1B in Nokia for AI growth.