The Finnish telecoms equipment maker raised its full-year profit guidance after AI and cloud customer sales surged, even as memory chip shortages pushed up costs across the industry and restructuring charges pulled reported profit into a loss.
The companies say telecoms operators will be able to carry significantly more data over existing spectrum using AI processing in the radio network, though the headline efficiency gains remain projections rather than proven results.
A Nokia-led business consortium is pursuing a multi-billion-euro artificial intelligence data centre under the European Commission’s InvestAI programme, with the northern Finnish city of Oulu reportedly the preferred site. Nokia confirms the project but not its location, according to Finnish public broadcaster Yle.
Nokia has updated its Network Services Platform to include an agentic AI framework that can diagnose faults and suggest fixes in complex IP networks. The system, due for commercial release by the end of 2026, is designed to let AI act autonomously only within boundaries set by the operator, in response to persistent industry unease about handing control to automated systems.
Nokia has launched a dedicated AI networking laboratory in Silicon Valley, betting that surging demand for AI infrastructure will cement the Finnish telecoms firm’s remarkable comeback — its shares have surged over the past year as investors pile into legacy technology stocks riding the AI infrastructure boom.
Finnish startup NestAI has secured €100 million from Nokia and sovereign fund Tesi to build Europe’s leading physical AI lab, marking a major step towards technological sovereignty in defence and critical infrastructure.
The world’s most valuable company is taking a stake in the Finnish telecoms giant as part of a strategic partnership to integrate artificial intelligence into mobile networks and lead the next generation of wireless technology.
Finnish telecoms giant acquires HPE’s RAN automation assets as industry prepares for shift to 6G.
Finnish telecoms giant invests in state-of-the-art facility as industry races to meet soaring demand for AI-optimised infrastructure.
