Nvidia and Wallenberg Collaborate on Swedish Supercomputer Project

The American tech giant Nvidia is opening an AI center and building two supercomputers for the Swedish part. The initiative is being made together with major companies like Astra Zeneca, Saab, SEB, and Ericsson. It's like a rocket, step on the rocket because it's going at the speed of light, says Nvidia's CEO Jensen Huang about the AI revolution.

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Nvidia and Wallenberg Collaborate on Swedish Supercomputer Project
Photo: Stefan Jerrevång/TT

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He himself is used to moving at a frantic pace. Recently, he was in the Middle East with President Donald Trump. Now it's Norrköping instead. In his classic style, exclusive black leather jacket and black trousers, he stepped onto the stage in front of a few hundred spectators. The reasons for one of the world's richest corporate leaders with a fortune of 115 billion dollars now being in Östergötland are actually two:

The black jeans and leather jacket would later in the day be exchanged for a tailcoat in connection with the ceremony when he is appointed honorary doctor at Linköping University.

Building AI Center

In connection with the visit, the news was also presented that the Wallenberg sphere, together with Nvidia, will build out the AI infrastructure for the Swedish part. In short, it's about supercomputers with the very latest technology in the form of Nvidia's Grace Blackwell chip, as well as an AI center where Nvidia will offer practical training and access to the company's experts.

What's interesting is that different companies are doing this together. Each country needs to build its own AI infrastructure, says Jensen Huang.

He has thus brought Wallenberg Investments and ultimately, this is intended to benefit everything from the major bank SEB to the defense company Saab. The price tag for the investment is secret, but according to "it's about several hundred million kronor. Where the AI center itself will be located is not yet clear, but the hope is to be able to roll out as early as next year.

"Won't lose the job"

The audience who were now present to listen to Jensen Huang were probably more interested in hearing his life story and how the company went from being on the verge of bankruptcy to becoming a leader.

On a question from TT about those who are worried about ultimately losing their job due to AI, replied:

won't lose the job to AI, you will in that case lose the job to someone who uses AI. That's my personal perspective. From a company perspective, everyone wants to become more productive and can we use automation, thereby becoming more successful. In that way, you can also hire more people.

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TTT
By TTEnglish edition by Sweden Herald, adapted for local and international readers

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