Nokia announced on Tuesday that chipmaker Nvidia will acquire a $1 billion stake in the company.
The Finnish firm said it will issue more than 166 million new shares, with the proceeds earmarked to support its artificial intelligence initiatives and other corporate purposes.
The two companies have also agreed on a strategic partnership to jointly develop next-generation 6G technology. They will collaborate on artificial intelligence (AI) networking solutions and explore opportunities to integrate Nokia’s data centre switching and optical technologies into Nvidia’s future AI infrastructure.
The announcement comes ahead of Nvidia CEO Jensen Huang’s keynote at the company’s developer conference in Washington, DC, where he is expected to discuss joint projects and future plans with Nokia.
In recent months, Nvidia has acquired stakes in several strategic partners as it cements its position at the forefront of the AI industry. Following the announcement, Nokia’s shares rose by as much as 26%.
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Poland has declared two days of national mourning after a gunman opened fire in Kraków's historic main square. Investigators are examining possible far-right influences and the discovery of three bodies at the suspect's home.
Monday marks the second of two days of national mourning in Poland as police bolstered security after six people were killed in a mass shooting in Kraków.
The Saudi-led coalition fighting Yemen's Houthis said it intercepted and destroyed two ballistic missiles fired by the Iran-aligned group towards Riyadh on Sunday (8 November), after loud booms were heard in the Saudi capital. The Aramco building was damaged by falling debris.
New Zealand’s ruling centre-right National Party has taken a narrow lead over the opposition Labour Party in Saturday’s general election, with the country’s current three-party coalition projected to retain power.
Azerbaijan is marking the sixth anniversary of Victory Day on Sunday, 8 November, with President Ilham Aliyev visiting the Victory Monument in Khankendi, laying a wreath and paying tribute to servicemen killed during the 44-day Second Garabagh War in 2020.
Nvidia has launched an independent investigation into whether its chief executive, Jensen Huang, was targeted in a foreign intelligence operation, following allegations that a businesswoman with whom he had a relationship passed information to Beijing.
Australian design platform Canva has announced a major restructuring affecting 22 per cent of its workforce, with 1,271 employees facing job cuts, relocations or changes to their roles as the company grapples with slowing growth and rising AI costs.
British Petroleum (bp) spent nearly $1.5 billion with suppliers and contractors across Azerbaijan, Georgia and Türkiye in the first nine months of 2026, highlighting the economic reach of major energy projects beyond oil and gas production.
Seven OPEC+ countries agreed on Sunday, 1 November, to keep oil production targets unchanged for December, extending an earlier freeze. But with the Iran war disrupting supplies and prices fluctuating, what is really driving the global oil market?
Cryptocurrencies are volatile, and their crashes make headlines. But does a slump in digital coins ever spill over into the pounds, dollars and euros in people's bank accounts? The short answer is not directly, but indirectly it can, and regulators are increasingly worried about how.
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