August 24, 2025
05:21
about 1 month ago

Sweden’s “AI Powerhouse” Initiative Launches

Several major Swedish companies—including AstraZeneca, Ericsson, Saab, SEB, and Wallenberg Investments—have joined forces to launch a $100 million joint fund and AI venture named Sferical AI. The initiative aims to develop advanced national AI infrastructure and position Sweden as a leading European hub for artificial intelligence innovation and competitiveness.

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pokelistic news

Sweden’s “AI Powerhouse” Initiative Launches

Details of the Initiative

Sferical AI will operate an AI supercomputer housed in Linköping, equipped with Nvidia systems including DGX Superpods and Grace Blackwell GB300 processors.

The supercomputer infrastructure will provide secure, sovereign, and integrated computing resources to participating companies.

Nvidia will also open its first AI technology center in Sweden, supporting industrial research and offering training through its Deep Learning Institute.

Participating Companies and Roles

AstraZeneca: Using AI to enhance drug discovery and development.

Ericsson: Developing advanced AI models to improve performance and customer experience.

Saab: Accelerating defense systems innovation using AI methodologies.

SEB: Leveraging AI for productivity and consumer-focused projects.

Wallenberg Investments: Leading the collaboration and providing strategic direction.

Strategic Goals and Impact

The initiative seeks to ensure Swedish industries are competitive in the fast-evolving AI landscape by providing advanced computing power and infrastructure.

It fosters collaboration among industry leaders, academia, and research institutes, facilitating innovation across key sectors like life sciences, autonomous systems, gaming, and material sciences.

This is a major step toward establishing Sweden as a European AI powerhouse, underlining the country’s commitment to digital sovereignty, industrial innovation, and responsible AI development.

*“This initiative creates opportunities for Sweden’s leading companies to position themselves at the forefront of the rapid structural transformation of the business landscape brought about by AI.”

— Marcus Wallenberg, Chairman of Wallenberg Investments*

Key Facts

Fund Size: $100 million

Supercomputer Location: Linköping, Sweden

Technology Partner: Nvidia

Participating Companies: AstraZeneca, Ericsson, Saab, SEB, Wallenberg Investments

Objectives: Build AI infrastructure, boost innovation, enhance competitiveness

Strategic Focus: Life sciences, autonomous systems, gaming, material sciences

Sweden’s AI Powerhouse initiative marks a bold investment in national AI infrastructure, underscoring the country’s ambition to lead AI innovation responsibly and sustainably in Europe and beyond.

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