Nvidia to purchase $1 billion stake in Nokia, with more than 166 million new shares issued. Money raised will go towards funding AI projects and other business needs. Nokia and Nvidia to collaborate on 6G technology development, with Nokia modifying its software to run on Nvidia’s chips. Nvidia considering incorporating Nokia’s networking technologies into AI infrastructure plans. Announcement made as Nvidia CEO gives keynote address at developer conference. Investment part of Nvidia’s aggressive expansion strategy in the AI ecosystem.

Read more at Nasdaq: Nvidia Takes $1 Bln Stake In Nokia To Boost AI And 6G Collaboration