Pakistan, Oct. 23 -- Nokia CEO Justin Hotard believes the world is entering an "AI supercycle" similar to the internet boom of the 1990s, dismissing growing fears of an artificial intelligence bubble. He emphasized that despite short-term market fluctuations, the long-term outlook for AI-driven growth remains exceptionally strong. Hotard's statement comes as global investors debate whether the massive surge in AI spending can be sustained without economic fallout.

Hotard, who previously led Intel's data centre and AI group before joining Nokia in April, highlighted that demand for AI-related infrastructure continues to rise rapidly. He stated that Nokia is witnessing growth "across the board," from major tech companies to smaller enterpr...