NVIDIA (NVDA) and Wallenberg Family to Build AI Infrastructure in Sweden

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May 24, 2025
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NVIDIA (NVDA, Financial) and companies backed by Sweden's Wallenberg family are spearheading an investment initiative to establish AI infrastructure in Nordic countries. This collaborative effort includes major firms such as AstraZeneca, Ericsson, Saab, SEB, and the Wallenberg investment group. Together, they plan to develop what is claimed to be the largest enterprise AI supercomputer in Sweden.

NVIDIA will also set up its first AI technology center in Sweden to foster research and collaboration with industry partners. Saab, as part of this initiative, aims to deploy AI methodologies to enhance its defense capabilities rapidly.

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I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.