Nvidia and Wallenberg businesses starting AI venture in Sweden

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Nvidia and Wallenberg businesses starting AI venture in Sweden - Fortune

Quick Summary:

The group of companies — including AstraZeneca, Ericsson, and Saab — will develop what it calls the largest enterprise AI supercomputer in Sweden.

As part of the initiative, Saab said it will deploy the AI methodology to accelerate development of its defense capabilities.

The Wallenbergs, a Swedish industrial dynasty rooted in the nineteenth century, remain an active shareholder in some of Europe’s biggest companies primarily through ownership interests in Investor AB and FAM.