New Delhi, Oct. 28 -- Jensen Huang's Nvidia is planning to make an equity investment woth $1 billion in Nokia Oyj, as the AI chipmaker bets on the Finland-based company's turnaround from mobile networking kit into artificial intelligence.

Nvidia will purchase 166 million shares of Nvidia at $6.01 apiece, getting a 2.9 per cent stake in the company, according to a statement by the the companies. In turn, Nvidia will give Nokia access to its chips to enhance the company's for 5G and 6G networks.

Nvidia will also expole ways to utilise the data centre technology of Nokia in its AI infrastructure, the companies said.

Nokia, best known for selling mobile network parts, has been pushing into data centers - a business that's growing thanks to...