Shares of Nokia Corp. rallied Wednesday, after the telecommunications-networking company announced a collaboration with Nvidia Corp. to position artificial intelligence as fundamental for radio access networks (RAN). “This is an important collaboration with NVIDIA that will explore how artificial intelligence can play a transformative role in the future of our industry,” said Tommi Uitto, president of mobile networks at Nokia. “It is a further example of our anyRAN approach that is helping to make Cloud RAN a commercial reality.”
Finland-based Nokia
NOK,
-1.69%
NOKIA,
+0.02%
has seen its stock trend lower over the past couple of years amid weakness in its networks business. The company reported last month a fourth-quarter loss of EUR33 million ($33.6 million) on revenue that fell 23%. On Wednesday, Nokia’s U.S.-listed stock rose 1.2% in premarket trading. While it has gained 2.1% year to date, the stock has tumbled 25.3% over the past 12 months. Meanwhile, shares of Nvidia
NVDA,
-4.35%,
which reports fourth-quarter results after Wednesday’s closing bell, have been on a tear, as they have rocketed 236.3% over the past 12 months. Ahead of Wednesday’s open, however, the stock dropped 2%, after sinking 4.4% on Tuesday. Nokia will use Nvidia’s Grace CPU Superchip for processing, with its Layer 1 accelerator technology and Cloud RAN software. Nokia will also use Nvidia chips for AI applications and RAN acceleration, which will pave the way for “AI-RAN.” The idea is to remove complexity and provide flexibility, to allow customers to get their Cloud RAN servic …
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Finland-based Nokia
NOK,
-1.69%
NOKIA,
+0.02%
has seen its stock trend lower over the past couple of years amid weakness in its networks business. The company reported last month a fourth-quarter loss of EUR33 million ($33.6 million) on revenue that fell 23%. On Wednesday, Nokia’s U.S.-listed stock rose 1.2% in premarket trading. While it has gained 2.1% year to date, the stock has tumbled 25.3% over the past 12 months. Meanwhile, shares of Nvidia
NVDA,
-4.35%,
which reports fourth-quarter results after Wednesday’s closing bell, have been on a tear, as they have rocketed 236.3% over the past 12 months. Ahead of Wednesday’s open, however, the stock dropped 2%, after sinking 4.4% on Tuesday. Nokia will use Nvidia’s Grace CPU Superchip for processing, with its Layer 1 accelerator technology and Cloud RAN software. Nokia will also use Nvidia chips for AI applications and RAN acceleration, which will pave the way for “AI-RAN.” The idea is to remove complexity and provide flexibility, to allow customers to get their Cloud RAN servic …nnDiscussion:nn” ai_name=”RocketNews AI: ” start_sentence=”Can I tell you more about this article?” text_input_placeholder=”Type ‘Yes'”]