Nvidia Corp. and a cluster of companies backed by Sweden’s influential Wallenberg household are beginning a enterprise to construct out synthetic intelligence infrastructure within the Nordic nation.
The group of corporations — together with AstraZeneca Plc, Ericsson AB, Saab AB, SEB AB and the Wallenberg’s funding automobile — will develop what it calls the biggest enterprise AI supercomputer in Sweden, in keeping with an announcement on Saturday. Nvidia can even set up its first AI expertise middle within the nation to advance analysis with industrial companions, it stated.
“The country is building its first AI infrastructure — laying the foundation for breakthroughs across science, industry, and society,” Nvidia Chief Govt Officer Jensen Huang stated.
As a part of the initiative, Saab stated it’s going to deploy the AI methodology to speed up improvement of its protection capabilities. The opposite corporations additionally made pledges.
“We believe this initiative will generate valuable spillover effects,” stated Marcus Wallenberg, Chair of Wallenberg Investments AB.
The Wallenbergs, a Swedish industrial dynasty rooted within the nineteenth century, stay an energetic shareholder in a few of Europe’s greatest corporations primarily by possession pursuits in Investor AB and FAM. Dividends are disbursed by way of a so-called eco-system of foundations, together with greater than 2.9 billion Swedish kronor ($287 million) every year going to analysis and schooling within the Nordic nation.
This story was initially featured on Fortune.com
