Nvidia (NVDA) to Help Build Sweden’s First AI Infrastructure

Bloomberg reported on May 23 that Nvidia Corp. (NASDAQ:NVDA) is partnering with a group of Swedish companies, including AstraZeneca Plc, Ericsson AB, Saab AB, and SEB AB, to create the country’s first artificial intelligence infrastructure. Wallenberg Investments AB, the investment vehicle of Sweden’s influential Wallenberg family, will also be a significant shareholder in the venture.

The project’s first phase will establish Sweden’s largest enterprise AI supercomputer by deploying two Nvidia DGX SuperPODs featuring NVIDIA’s latest-generation Grace Blackwell GB300 systems. Nvidia will also open its first AI Technology Center in Sweden and lead AI research with partners. The venture is expected to be operated by a joint company.

A scientist at a computer station, surrounded by a neural network of artificial intelligence code.

While welcoming the initiative, Marcus Wallenberg, Chair of Wallenberg Investments AB, emphasized that it will accelerate the development and adoption of AI across Swedish industries, provide opportunities for upskilling, and strengthen the country’s AI ecosystem.

Jensen Huang, founder and CEO of NVIDIA, described the venture as a catalyst for breakthroughs. He noted:

“As electricity powered the industrial age and the Internet fueled the digital age, AI is the engine of the next industrial revolution. Through the visionary initiative of Wallenberg Investments and Sweden’s industry leaders, the country is building its first AI infrastructure—laying the foundation for breakthroughs across science, industry, and society, and securing Sweden’s place at the forefront of the AI era.”

With the support of high computing power, the four partner companies, Ericsson, AstraZeneca, Saab, and SEB, will collaborate with Nvidia to apply AI in their respective domains: enhancing telecom services, accelerating drug discovery, advancing defense technologies, and driving innovation and productivity in banking.

Nvidia Corp. (NASDAQ:NVDA) designs and manufactures graphics processing units (GPUs), system on a chip units (SoCs), and AI hardware and software. Over the years, the company has expanded its offerings from gaming GPUs to include data center solutions, AI computing, and deep learning technologies. The company’s GPUs are widely used in data centers for high-performance computing, AI training, and inference, making it a critical player in the data center ecosystem.

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Disclosure: None.