20 AI News Investors Should Not Miss

17. Nokia Oyj (NYSE:NOK)

Number of Hedge Fund Holders: 18

Nokia Oyj (NYSE:NOK) is a Finnish multinational telecommunications, information technology, and consumer electronics corporation offering network infrastructure, technology, and software services. Acknowledged as a Telco AI trailblazer, Nokia offers AI solutions such as its AI-driven energy management automation through the AVA Energy Efficiency software, as well as other AI solutions that drive business innovation, sustainability, security, and operational efficiency.

On October 22, Nokia Oyj (NYSE:NOK) announced that it is partnering with Lenovo to “to drive advancements in data center solutions for the AI era”. The collaboration aims to merge Lenovo’s ThinkSystem AI-ready servers and storage capabilities with Nokia’s data center network solution, which also includes its recently launched Event-Driven Automation (EDA) platform. These combined solutions will help meet the rigorous processing and network performance demands of contemporary workloads.

The combination of these portfolios with a validated blueprint architecture will facilitate the seamless automation of AI/ML and compute-intensive workloads, thereby providing improved observability, programmability, and extensibility, which are crucial for adapting to dynamic environments. Both Lenovo and Nokia boast built-in security solutions that are necessary to fend off cyberattacks. Moreover, both of these companies emphasize on energy-efficient designs that reduce power consumption and operational costs while promoting sustainability, which is a key data center concern.

– “Our partnership with Lenovo exemplifies Nokia’s commitment to innovation and excellence in data center solutions. By combining Nokia’s Data Center Fabric and Event Driven Automation with Lenovo’s ThinkSystem AI portfolio, we deliver a high performance, scalable data center networking solution designed to efficiently manage and automate AI/ML workloads, with a strong emphasis on security and energy efficiency. This collaboration not only enhances the performance and reliability of data center operations, but also underscores our dedication to providing innovative solutions that meet the evolving needs of our customers. Together, we are setting new standards in the industry and driving forward the future of data center technology”.

– Vach Kompella, Senior Vice President and General Manager of IP Networks business at Nokia