Nokia reorganizes with AI focus

Nokia plans to generate operating profit somewhere between 2.7-3.2 billion euros by 2028, according to CEO Justin Hotard.

According to the plan, parts of the business that do not fit will be sold off, while the current four business areas will be reorganized into two: mobile networks and network infrastructure.

Nokia recently signed a supply agreement worth $1 billion with chipmaker Nvidia, which under the agreement bought 3 percent of the shares.