"Nvidia will make a $1 billion equity investment in Nokia at a subscription price of $6.01 per share, the two companies announced. With this investment, which is subject to certain customary closing conditions, Nokia will issue 166,389,351 new shares to Nvidia, giving it a 2.90% stake in the Finnish company. Nokia said it will use the proceeds from the issuance to accelerate its strategic plans to "advance trusted connectivity for the AI supercycle and other general corporate purposes.""
"In addition to this equity investment, Nokia and Nvidia also 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. Circling back to RAN tech, Nvidia said that T-Mobile U.S. will collaborate with Nvidia and Nokia "to drive and test AI-RAN technologies as a part of the 6G innovation and development process, reinforcing its global leadership in driving wireless innovation.""
Nvidia will invest $1 billion in Nokia at $6.01 per share, receiving 166,389,351 new shares for a 2.90% stake. Nokia will allocate proceeds to advance trusted connectivity for the AI supercycle and for general corporate purposes. Nokia will accelerate development of 5G and 6G RAN software to run on Nvidia architecture and will invest to increase its presence in the AI and cloud market with data center‑aligned networking solutions. The companies will collaborate on AI networking solutions and explore integrating Nokia’s data center switching and optical technologies into Nvidia’s AI infrastructure. T‑Mobile U.S. will join trials to validate AI‑RAN performance and efficiency.
Read at GSMArena.com
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