NVIDIA is investing 1 billion dollars in Nokia for a 2.9 percent stake, the companies announced Tuesday. The chip maker will purchase 166.4 million new shares at 6.01 dollars each. The partnership focuses on AI-powered radio access networks and data centre networking. Nokia will optimize its 5G and 6G software for NVIDIA's architecture while expanding into AI and cloud markets. The companies will jointly develop AI networking solutions and integrate Nokia's data centre technologies into NVIDIA's AI infrastructure. The new shares will be registered in November and listed on major exchanges, bringing Nokia's total share count to 5.74 billion.
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