Nokia returns/Invests billions of dollars in Artificial Intelligence in the US

Nokia plans to invest $4 billion in the US, targeting research, development and manufacturing to drive advances in AI-driven network connectivity, Reuters reports.

The telecommunications equipment maker said $3.5 billion of the investment will be earmarked for research and development efforts. It added that $500 million will be spent on manufacturing and capital expenditures in states including Texas, New Jersey and Pennsylvania.

According to Nokia, the new strategy aims to improve operations with an emphasis on AI.

Finnish President Alexander Stubb said earlier that Nokia was one of the topics discussed with US President Donald Trump in a meeting at the White House.

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