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Nvidia and Wallenberg businesses starting AI venture in Sweden



NVIDIA The corp. and a cluster of businesses sponsored by the influential Sweden Wallenberg that began to make artificial infrastructure in the Nordic Nations.

The group of companies – including Astrazeneca PLC, Ericsson AB, SAAB AB, SEB ABS investment in Wallenberg – develop what its largest business AI Supercomputer in Sweden, according toa statementon Saturday. NVIDIA will also build the first AI Technology Center in the country to improve research with industry companions, so.

“The country was established the first AI infrastructure – setting the foundation for blasts of the whole science, industry,” Nividia Chep Execcutive Offecutive Offeren Huang said.

As part of the initiative, Saab said to deploy AI method to facilitate the development of defense capabilities. Companies also make companies.

“We believe this initiative will generate significant spillover effects,” says Marcus Wallenberg, Chair of Wallenberg Investments AB.

Wallenbergs, a dynasty in the Sweden industry rooted in the nineteenth century, remained an active shareholder of some largest European company in investments AB and family. Shares are revised by a so-called eco-system on foundations, including more than 2.9 billion Swedish Kronor ($ 287 million) each year to go to research and education in Nordic Nation.

This story originally shown Fortune.com



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