XAI Plans $20 Billion Funding Deal Backed by Nvidia
Elon Musk’s xAI aims to raise $20 billion in equity and debt, securing Nvidia’s GPUs and investment to power its growing AI infrastructure.
In a bold move signaling accelerating technological ambitions, Nokia has announced a major investment plan in the United States aimed at strengthening its position in the rapidly growing fields of artificial intelligence and data centers. The Finnish company is once again redrawing its future with one of its largest commitments in recent history.
Finland’s Nokia announced on Friday that it plans to inject $4 billion into the United States as part of an initiative to boost its research, development, and production capabilities and accelerate innovation in AI-driven network technologies.
The company explained that roughly $3.5 billion of this investment will go toward research and development programs, while around $500 million will be allocated to manufacturing and capital expenditures across several U.S. states, including Texas, New Jersey, and Pennsylvania.
Nokia—which operates more than ten sites across North America—unveiled a new strategy on Wednesday aimed at streamlining operations and expanding the use of artificial intelligence in its products and services. Finnish President Alexander Stubb noted that Nokia was among the key topics discussed during his recent meeting with U.S. President Donald Trump at the White House.
The announcement comes just months after Nokia warned in July of declining profits linked to tariffs and a weakening dollar. With the U.S. lacking a major domestic manufacturer of telecommunications equipment, companies like Nokia, Ericsson, and Samsung remain central players in the American market.
Nokia continues its long journey of reinvention, having evolved from its origins in paper and rubber manufacturing to decades of dominance in mobile phones. Today, it positions itself at the heart of the new technological revolution. According to a Bloomberg report, Nvidia has acquired about 2.9% of Nokia’s shares, valued at nearly $1 billion, as part of a strategic partnership aimed at integrating its advanced computing chips into Nokia’s 5G and 6G network software. The move further accelerates Nokia’s shift toward AI-powered infrastructure and next-generation digital ecosystems.
Elon Musk’s xAI aims to raise $20 billion in equity and debt, securing Nvidia’s GPUs and investment to power its growing AI infrastructure.
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