Jin10 data reported on October 28 that Nvidia (NVDA.O) plans to make a $1 billion equity investment in Nokia, which is seen as recognition of the Finnish company’s shift from mobile network equipment to the artificial intelligence field. According to a statement released by both companies on Tuesday, Nokia will issue approximately 166 million shares to Nvidia at a price of $6.01 per share, giving Nvidia a 2.9% stake in Nokia. Both parties stated that Nvidia's chips will be used to accelerate Nokia's 5G and 6G network software, while Nvidia will also explore ways to use Nokia’s data center technology in its AI infrastructure.
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NVIDIA plans to invest $1 billion in Nokia.
Jin10 data reported on October 28 that Nvidia (NVDA.O) plans to make a $1 billion equity investment in Nokia, which is seen as recognition of the Finnish company’s shift from mobile network equipment to the artificial intelligence field. According to a statement released by both companies on Tuesday, Nokia will issue approximately 166 million shares to Nvidia at a price of $6.01 per share, giving Nvidia a 2.9% stake in Nokia. Both parties stated that Nvidia's chips will be used to accelerate Nokia's 5G and 6G network software, while Nvidia will also explore ways to use Nokia’s data center technology in its AI infrastructure.