Nokia plans $4 billion AI investment in US
- 21-Nov-2025
STOCKHOLM, Nov 21: Finland’s Nokia said on Friday it plans to invest $4 billion in research, development and production in the United States to accelerate innovation in artificial intelligence network connectivity. The telecom equipment maker said it was announcing the investment in collaboration with the administration of U.S. President Donald Trump. Nokia expects to invest […]
Nokia Reboots for the AI Supercycle
- 19-Nov-2025
ESPOO, FINLAND – Finnish telecom giant Nokia announced a radical strategic overhaul today at its Capital Markets Day 2025, signaling a decisive pivot to dominate the “AI-driven transformation” of global networks. Under the leadership of President and CEO Justin Hotard, the company is streamlining its operations, setting aggressive long-term financial targets, and positioning itself as […]
Nokia CEO compares AI surge to 1990s internet boom
- 23-Oct-2025
Nokia’s CEO Justin Hotard said artificial intelligence (AI) 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. “I fundamentally think we’re at the front end of an AI […]
Hard to believe but Apple may end up like Nokia
- 11-Jun-2025
Apple’s rivals are rapidly seeking new opportunities in the AI domain while Eddie Cue, Apple ‘s head of services has admitted that with such pace, AI could make the flagship iPhone obsolete in the upcoming decade. In 2025, Apple’s developer conference is to start at June. And yet, the company has surprisingly fallen short in […]
Nokia wins ‘multi-billion’ dollar deal in India
- 20-Nov-2024
FINLAND: Finnish telecom equipment supplier Nokia on Wednesday said it had won a “multi-billion” dollar deal with India’s Bharti Airtel for delivery of 4G and 5G equipment. Sources familiar with the talks told Reuters last month Nokia and Bharti were nearing a deal worth several billion dollars to expand Bharti’s network in India. Nokia’s Swedish […]
Nokia buys world’s largest API hub to cash in on 5G
- 13-Nov-2024
Nokia said on Wednesday it had bought the world’s largest application programming interface (API) hub and marketplace from US company Rapid as it seeks to boost revenues from its 5G and 4G networks. Like other telecom gear makers, Finland’s Nokia has been looking for ways to monetise its 5G equipment or diversify its market, as […]
Nokia unveils AI assistant for industrial workers
- 14-Feb-2024
Technology company Nokia on Wednesday unveiled an AI-powered tool that generates messages for industrial workers, including warnings about faulty machinery based on real-time data and recommended ways to boost factory output. The tool, “MX Workmate”, will expand on Nokia’s existing communications technology used by industrial clients by harnessing generative AI large language models (LLMs) to […]
Bye Bye Nokia smartphones
- 04-Feb-2024
Human Mobile Devices (HMD) Global, which has been making Nokia-branded smartphones for the past seven years, will sell its line of HMD-branded devices soon. HMD Global was established in 2016 after Microsoft sold its rights to the Nokia brand for ten years. The Nokia 6 was launched as the first handset by HMD Global back […]
Nokia expects it will not meet full-year financial targets
- 30-Dec-2023
Finnish telecom gear group Nokia on Saturday said it would not meet its financial targets for the year, as it cannot recognize revenue it would make from license renewal discussions that are expected to continue well into the next year. Nokia said its full-year outlook assumes the closure of outstanding license renewals in Nokia Technologies, […]
Nokia to cut up to 14,000 jobs
- 19-Oct-2023
Finnish telecom gear group Nokia will cut up to 14,000 jobs to reduce costs, it said on Thursday, after weaker demand for next-generation 5G equipment lowered third-quarter sales by a fifth, adding it did not expect a market recovery soon. The company’s shares were down 5% in early trade. As demand has slowed in countries […]