To capitalize on AI demand, Nokia is shelling out $4B on stateside manufacturing and research and development.
Roughly $500M is going toward investing in manufacturing and research in Texas, New Jersey and Pennsylvania. The remaining $3.5B will go toward R&D of new technology to boost its abilities in artificial intelligence and connectivity. The telecommunications giant is also reconfiguring its business lines and establishing a defense segment.
Nokia wants to boost its efforts in AI and cloud computing, build mobile connectivity with AI, and partner with big industry players to make that happen as soon as possible. It is working with Nvidia, using…