Nvidia makes $1BN investment in Nokia
Nvidia is injecting $1 billion into Nokia, a Finnish telecommunications infrastructure company, through an equity investment and a strategic partnership focused on AI and data center development. This move signals a significant push to integrate AI into telecoms networks, potentially reshaping the landscape of digital infrastructure across Europe. Nvidia will acquire over 166 million new Nokia shares at $6.01 each, securing a 2.90 percent stake in the firm. The collaboration will leverage Nvidia's architecture for Nokia's 5G and 6G software. This includes exploring opportunities to incorporate Nokia's data center switching and optical technologies within Nvidia's AI infrastructure. Furthermore, Nokia intends to use the investment to bolster its presence in the AI and cloud markets. This partnership is particularly significant for European digital sovereignty, as it could accelerate the development of advanced 5G and 6G technologies within the EU. The deal affects telecom providers and businesses reliant on robust and efficient digital infrastructure. Nvidia’s investment also bolsters Nokia’s position, giving it a financial edge in the evolving telecommunications market. Following the announcement, Nokia's shares saw a 15 percent increase, reflecting the market’s positive response. With Nvidia’s prior large investments in other tech companies, this partnership could be part of a larger trend.
To provide multilingual access, this article summary was automatically generated.
Source Information
European Alternatives You Might Like
Mangopay
Mangopay is a payment infrastructure provider specializing in payments for marketplaces and platforms. It offers virtual wallet technology for managing funds, enabling features such as split payments, multi-currency support, and KYC/AML compliance. Key functionalities include automated payouts, transaction monitoring, and customizable payment flows. This service is primarily aimed at businesses that manage marketplaces, crowdfunding platforms, and sharing economy models and require complex payment solutions. Mangopay distinguishes itself by offering a flexible and scalable payment solution specifically designed for platform-based business models, allowing them to control cash flows and streamline payment processes.
Scaleway
Scaleway is a European cloud computing provider offering a range of services, including servers, storage, and networking solutions. Key features include bare metal servers, virtual machines, object storage, and managed Kubernetes. It's suitable for developers, startups, and businesses seeking cloud infrastructure for web applications, data storage, and various other workloads. Scaleway distinguishes itself through competitive pricing and a focus on European data sovereignty, with data centers in France and the Netherlands.