Ericsson, AstraZeneca, SAAB, SEB, Wallenberg Investments and NVIDIA formed Sferical AI.

Ericsson, a Sweden-based networking and telecommunications company; AstraZeneca, a global science-led biopharmaceutical company; SAAB, an aerospace and defense company; SEB, a financial services group; Wallenberg Investments, an asset management company, and NVIDIA, a multinational technology company, formed Sferical AI, a new joint venture company designed to keep control of artificial intelligence inside European borders. Financial terms were not disclosed. “Ericsson is looking forward to working with Sferical AI partners to develop, deliver, and operate advanced and complex AI to drive Swedish competitiveness – at both individual partner enterprise and national economy levels,” Erik Ekudden, Ericsson Chief Technology Officer.