Nokia bets on AI with new strategy, targets up to 60% profit rise

Nokia unveiled a new strategy on Wednesday focused on artificial intelligence, as it strives to simplify its business and boost annual core profit by as much as 60% over the next three years.
Beginning in 2026, the Finnish telecoms equipment maker intends to reorganize into two primary businesses: network infrastructure, dedicated to AI and data centres, and mobile infrastructure, focused on core telecoms activities.