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%.
UK Prime Minister Keir Starmer met Chinese President Xi Jinping in Beijing on Thursday (29 January) for talks he hopes will deepen economic ties, sign...
U.S. President Donald Trump urged Iran on Wednesday (28 January) to come to the table and make a deal on nuclear weapons or the next U.S. attack would...
Life will be particularly tough for Ukrainians over the next three weeks due to plunging temperatures and a compromised energy infrastructure that has...
Storm Kristin has killed at least three people and left more than 800,000 residents without electricity across central and northern Portugal, as viole...
U.S. stock markets finished mixed on Wednesday (28 January) as investors reacted calmly after the Federal Reserve left interest rates unchanged, a dec...
Life will be particularly tough for Ukrainians over the next three weeks due to plunging temperatures and a compromised energy infrastructure that has been pummeled by intense Russian attacks, depriving millions of light and heat, a senior lawmaker said on Wednesday.
Storm Kristin has killed at least three people and left more than 800,000 residents without electricity across central and northern Portugal, as violent winds, heavy rain and snowfall battered the country before moving into Spain.
U.S. stock markets finished mixed on Wednesday (28 January) as investors reacted calmly after the Federal Reserve left interest rates unchanged, a decision that had been widely expected and largely priced in.
New York City Mayor Zohran Mamdani has called for tax increases on the city’s wealthiest residents and most profitable corporations, warning that the city is facing a fiscal crisis on a scale greater than the Great Recession.
France’s National Assembly has approved a bill banning access to social media for children under 15, a move backed by President Emmanuel Macron and the government as part of efforts to protect teenagers’ mental and physical health.
The S&P 500 edged to a record closing high on Tuesday, marking its fifth consecutive day of gains, as strong advances in technology stocks offset a sharp selloff in healthcare shares and a mixed batch of corporate earnings.
Sanctions are a long-used tool designed as an alternative to military force and with the objective of changing governments’ behaviour, but they also end up hurting civilian citizens.
A routine military training exercise turned into a major recovery mission this week after a catastrophic mudslide swept through a hillside in West Java, Indonesia.
Residents in Syria’s Kurdish-majority city of Qamishli have stepped up volunteer patrols amid growing pressure from the country’s Islamist-led government, expressing deep mistrust of Damascus despite a fragile U.S.-backed ceasefire.
U.S. stock markets finished mixed on Wednesday (28 January) as investors reacted calmly after the Federal Reserve left interest rates unchanged, a decision that had been widely expected and largely priced in.
The S&P 500 edged to a record closing high on Tuesday, marking its fifth consecutive day of gains, as strong advances in technology stocks offset a sharp selloff in healthcare shares and a mixed batch of corporate earnings.
Chevron is in talks with Iraq’s oil ministry over potential changes to the commercial framework governing the West Qurna 2 oilfield, one of the world’s largest producing assets, after Baghdad nationalised the field earlier this month following U.S. sanctions imposed on Russia’s Lukoil.
Argentina's economic activity shrunk 0.3% in November compared with the same month last year, marking the first monthly contraction of 2025, data from Argentina's national statistics agency showed on Wednesday.
Wall Street closed sharply lower on Tuesday as global markets fell after U.S. President Donald Trump’s new tariff threats against Europe unsettled investors and revived fears of renewed volatility.
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