Nokia plans to invest $4 billion in artificial intelligence in America economy

Finnish company Nokia said Friday that it plans to invest $4 billion in the United States, targeting research, development and production to drive progress in the field of artificial intelligence-based networking.

The communications equipment manufacturer added that it will allocate $3.5 billion in investment to research and development efforts.

She explained that $500 million will be allocated to manufacturing and capital expenditures in states including Texas, New Jersey and Pennsylvania.

Nokia, which operates more than 10 locations in North America, presented a new strategy on Wednesday aimed at simplifying operations with a focus on artificial intelligence.

Finnish President Alexander Stubb said last October that Nokia was one of the topics he discussed with his American counterpart, Donald Trump, in a meeting at the White House.

Friday’s announcement comes in the wake of the company’s warning last July of a decline in profits linked to customs duties and a weak dollar.

The United States lacks a major domestic maker of telecommunications equipment, making Nokia, Ericsson and Samsung prime options.

Nokia is reinventing itself

After being known historically for the paper and rubber industry, and then for its mobile phones that dominated the markets for decades, Nokia is once again positioned today at the heart of the modern technological revolution.

After more than a century and a half of industrial and digital transformations, Nokia is entering a new phase of self-reinvention, this time through a bold bet on artificial intelligence and data centers, according to a Bloomberg report.

According to Bloomberg, Nvidia acquired a 2.9% stake in Nokia shares, worth up to $1 billion, as part of a strategic cooperation aimed at integrating its advanced computing chips into software for the fifth and sixth generation networks (5G and 6G) ​​developed by the Finnish company.

Bloomberg said that Nokia is “attaching its cart today to one of the most powerful horses of the 21st century,” referring to its partnership with NVIDIA, which is seen as a major turning point in the Finnish company’s march towards a future that depends on artificial intelligence as the heart of its new industry.