Top 9 AI News Updates Investors Probably Missed

7. Nokia Oyj (NYSE:NOK)

Number of Hedge Fund Holders: 20

Nokia Oyj (NYSE:NOK) develops and delivers telecommunications equipment, networks, and services. The company has been actively advancing its AI capabilities and integrating them into its networking solutions. On March 25, Nokia Oyj (NYSE:NOK) announced it would showcase its latest optical innovations at the OFC50 conference in San Francisco.

The solutions seek to address the connectivity challenges of the AI era. The company’s existing portfolio addresses the significant increases in data center capacity riding on the back of cloud-based services and AI workloads. The expanded portfolio will help network operators efficiently scale their networks while minimizing power consumption.

Commenting on the event, James Watt, Senior Vice President and General Manager of Optical Networks at Nokia Oyj (NYSE:NOK), said, “The solution to challenges posed by AI and cloud-based connectivity demands starts with scale, but it certainly doesn’t end there. Nokia’s expanded portfolio of optical network solutions and technology capabilities delivers tangible network value that supports our customers’ long-term business success.”