Nvidia and Wallenberg Businesses Starting AI Venture in Sweden

Nvidia Corp. and a cluster of businesses backed by Sweden’s influential Wallenberg family are starting a venture to build out artificial intelligence infrastructure in the Nordic nation.

The group of companies — including AstraZeneca Plc, Ericsson AB, Saab AB, SEB AB and the Wallenberg’s investment vehicle — will develop what it calls the largest enterprise AI supercomputer in Sweden, according to a statement on Saturday. Nvidia will also establish its first AI technology center in the country to advance research with industrial partners, it said.