Business
Nokia chair to step down, AI push supports Q4 profit
The company is carrying out one of its biggest restructuring drives since it sold its mobile phone business [ESPOO, Finland] Finland’s…
Tag
Nokia
Business
Nokia streamlines business to focus on AI infrastructure boom
It plans to restructure into two main divisions – mobile networks and network infrastructure Nokia is banking on the boom in artificial…
Business
Nvidia to invest US$1 billion in Nokia in AI networking push
Nvidia Corp. plans to make a US$1 billion equity investment in Nokia Oyj, an apparent vindication of the Finnish company’s pivot from…
Business
Nokia CEO Hotard compares AI surge to 1990s internet boom, but plays down bubble fears
Hotard’s remarks come amid growing debate over whether the surge in AI investment is sustainable [ESPOO, Finland] Nokia’s CEO Justin…
Business
Nokia profit surges past estimates on network growth
Nokia’s adjusted profit for the third quarter beat estimates, thanks to growth in its network infrastructure and optical networks…
Business
Nokia hires Intel’s AI executive as CEO in push for turnaround
NOKIA said it was replacing chief executive officer Pekka Lundmark with Intel’s Justin Hotard in a surprise announcement as the network…