A NVIDIA logo is shown at SIGGRAPH 2017 in Los Angeles, California, U.S. July 31, 2017. REUTERS/Mike Blake
NEW YORK: Nvidia Corp and a cluster of businesses backed by Sweden’s influential Wallenberg family are starting a venture to build out artificial intelligence (AI) infrastructure in the Nordic nation.
The group of companies – including AstraZeneca Plc, Ericsson AB, Saab AB, SEB AB and the Wallenberg’s investment vehicle – will develop what it calls the largest enterprise AI supercomputer in Sweden, according to a statement last Saturday.
Nvidia will also establish its first AI technology centre in the country to advance research with industrial partners, it said.
“The country is building its first AI infrastructure – laying the foundation for breakthroughs across science, industry, and society,” Nvidia chief executive officer Jensen Huang said.
As part of the initiative, Saab said it will deploy the AI methodology to accelerate the development of its defence capabilities.
The other companies also made pledges.
“We believe this initiative will generate valuable spillover effects,” said Marcus Wallenberg, chair of Wallenberg Investments AB.
The Wallenbergs, a Swedish industrial dynasty rooted in the nineteenth century, remain active shareholders in some of Europe’s biggest companies, primarily through ownership interests in Investor AB and FAM AB. — Bloomberg
