2:06 PM · 21 February 2024

Nokia with no big reaction to partnership with Nvidia

Finnish telecommunications company and smartphone maker Nokia (NOKIA.FI) has announced that it is collaborating with Nvidia (NVDA.US) on mobile networks. Nokia says the collaboration will enable the construction of AI applications and help bring artificial intelligence services to the telecommunications sector. According to the company's announcement, the collaboration will explore how artificial intelligence can play a transformative role in the future of the telecommunications industry. Nokia shares reacted to the news with a surge, but it was quickly erased and the stock is once again trading flat.

Source: xStation5

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