From Yahoo Finance: 2025-05-26 14:16:00

Nvidia Corp. (NASDAQ: NVDA) partners with Swedish companies, including AstraZeneca and Ericsson, to establish Sweden’s first AI infrastructure. The project will feature enterprise AI supercomputers and an AI Technology Center, with Wallenberg Investments AB as a key shareholder in the venture.

The collaboration aims to accelerate AI development in Swedish industries, offering opportunities for upskilling and strengthening the country’s AI ecosystem. Jensen Huang, CEO of NVIDIA, sees this initiative as a catalyst for breakthroughs in science, industry, and society, positioning Sweden at the forefront of the AI era.

The partnership will see Ericsson, AstraZeneca, Saab, and SEB collaborating with Nvidia to apply AI in telecom services, drug discovery, defense technologies, and banking innovation. Nvidia’s GPUs are essential in data centers for high-performance computing, AI training, and inference, making it a pivotal player in the data center ecosystem.

Read more: Nvidia (NVDA) to Help Build Sweden’s First AI Infrastructure