Nvidia and Swedish Titans unleash Nordic AI powerhouse

Swedish Wallenberg family-backed businesses plan to launch artificial intelligence infrastructure with Nvidia in the Nordic country.

Wallenberg’s AstraZeneca Plc, Ericsson AB, Saab AB, SEB AB, and Wallenberg Investments have agreed to build what they termed the largest enterprise AI supercomputer in Sweden.

Nvidia offers to provide AI training and build an AI tech center in Sweden

The Wallenberg businesses plan to deploy two Nvidia DGX Superpods featuring the tech firm’s Grace Blackwell GB300 systems in their supercomputer. One of the Swedish companies, Saab, also claimed it would offer AI methodology to expedite the development of the defense systems. 

Additionally, Nvidia stated it would open its first AI technology center in Sweden to support industrial research. The chip manufacturer also pledged to provide access to its experts and offer hands-on training through its Deep Learning Institute to enhance AI talent development.

Moreover, Ericsson claimed it would use its data science knowledge to develop advanced AI models with better performance and efficiency rates and elevate customer experience.

Meanwhile, AstraZeneca and SEB clarified their intentions to build AI infrastructure. AstraZeneca claimed they would use the technology to enhance drug discovery and development, while SEB asserted they would use AI to fuel productivity and power consumer projects.

The Swedish business consortium and Nvidia claim they want to promote AI  innovation with their planned developments.

 The firm’s Chief Executive Officer Jensen Huang even commented, “The country is building its first AI infrastructure — laying the foundation for breakthroughs across science, industry, and society.” 

Marcus Wallenberg, Chair of Wallenberg Investments, also stated that investing in artificial intelligence infrastructure would accelerate AI adoption in the country. 

He added, “We believe this initiative will generate valuable spillover effects—enabling upskilling, fostering new collaborations, and strengthening the broader national AI ecosystem.”

Nvidia could introduce new, cheaper AI chips for the Chinese market.

Nvidia is also preparing to introduce a more affordable AI chipset for the Chinese market. According to sources, the firm could start manufacturing the chips early in June. 

The chips are part of Nvidia’s Blackwell-architecture AI processors, and prices will range between $6,500 and $8,000 and well below $10,000 to $12,000.

However, the reduced costs will come with scaled-down specifications and simplified manufacturing processes. The chips will be built similarly to the firm’s RTX Pro 6000D, incorporate a server-class graphics processor, and be embedded with GDDR7 memory instead of a more advanced high bandwidth memory.

While Nvidia has yet to confirm this news officially, one of the firm’s spokespersons stated that it was still considering its options. He asserted that they are halting their sales in China’s market until they decide on a new product design and earn the US government’s approval.

China’s market is vital to Nvidia’s sales, accounting for over 13% of sales in the last fiscal year. Nvidia has had to reconsider its options following the April US government ban on its H20 series. Huang, however, claimed that the company’s older Hopper architecture, which H20 utilizes, cannot support further modifications under current export controls.

Huang also claimed that the change in export restrictions caused its market share to drop to 50%, down from 95% before 2022. 

Nvidai’s top rival in China is Huawei, which sells the Ascend 910B chip. If US export restrictions persist, Huang believes Huawei could take over part of its market share.

Nonetheless, sources familiar with Nvidia’s workings stated that the firm is working on another Blackwell chip for the Chinese market, with production set to start in September.

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