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 firms — 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 accordance with an announcement on Saturday. Nvidia may also set up its first AI expertise heart within the nation to advance analysis with industrial companions, it stated.
“The nation is constructing its first AI infrastructure — laying the inspiration for breakthroughs throughout science, business, and society,” Nvidia Chief Government Officer Jensen Huang stated.
As a part of the initiative, Saab stated it would deploy the AI methodology to speed up growth of its protection capabilities. The opposite firms additionally made pledges.
“We consider this initiative will generate useful spillover results,” stated Marcus Wallenberg, Chair of Wallenberg Investments AB.
The Wallenbergs, a Swedish industrial dynasty rooted within the nineteenth century, stay an lively shareholder in a few of Europe’s greatest firms 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) annually going to analysis and schooling within the Nordic nation.
This story was initially featured on Fortune.com
