Nokia Partners with Nvidia for $1 Billion AI Network Investment
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
- Turning Point in History: Nokia once held 26.4% of the global mobile market in 2000, but the rise of smartphones led to a drastic decline in market share, culminating in the sale of its devices unit for €5.4 billion in 2014, highlighting its complete failure in the mobile sector.
- Strategic Restructuring: After divesting its mobile business, Nokia shifted focus to telecom infrastructure, and despite securing significant contracts with BT and Deutsche Telekom, its market share in radio access networks continued to decline, forcing the company to seek new growth avenues.
- Cloud Services Expansion: Under Pekka Lundmark's leadership, Nokia acquired Infinera for $2.3 billion to enhance its optical network capabilities, aiming to address market challenges through the integration of cloud services and data centers, demonstrating its commitment to technological transformation.
- AI Investment Opportunity: Nokia's partnership with Nvidia, involving a $1 billion investment focused on AI applications in telecom networks, presents a strategic move into the rapidly growing AI market, despite facing competitive pressures and investment volatility risks.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
