Nokia CEO compares AI surge to 1990s internet boom, but plays down bubble fears

Nokia's next President and Chief Executive Officer, Justin Hotard looks on during the company's press conference in Espoo, Finland February 10, 2025. Lehtikuva/Markku Ulander/via REUTERS

-Nokia's CEO Justin Hotard said artificial intelligence is driving a long-term growth trend that resembles the internet boom of the 1990s, but downplayed concerns about a potential bubble.

Hotard's remarks come amid growing debate over whether the surge in AI investment is sustainable.