A coalition of Swedish industry leaders, backed by the influential Wallenberg family, is teaming up with Nvidia to establish a powerful artificial intelligence infrastructure in Sweden. The initiative includes major players such as AstraZeneca Plc, Ericsson AB, Saab AB, SEB AB, and Wallenberg Investments. Together, they plan to build what is being called Sweden’s largest enterprise AI supercomputer.
To support this effort, Nvidia will supply two DGX Superpods equipped with its cutting-edge Grace Blackwell GB300 systems. Saab will also contribute by offering advanced AI methodologies to accelerate the development of defense technologies.
As part of the initiative, Nvidia will open its first AI technology center in Sweden, focused on supporting industrial research. The company also pledged to bolster local AI talent through its Deep Learning Institute, providing expert guidance and practical training.
Ericsson plans to leverage its data science expertise to develop more efficient and high-performance AI models aimed at improving customer experiences. AstraZeneca will use the AI infrastructure to accelerate drug discovery and development, while SEB intends to apply AI to drive productivity and create innovative consumer solutions.
The Swedish consortium and Nvidia emphasize that this collaboration is intended to spur innovation and strengthen Sweden’s AI ecosystem. Nvidia CEO Jensen Huang remarked, “The country is building its first AI infrastructure — laying the foundation for breakthroughs across science, industry, and society.”
Marcus Wallenberg, Chair of Wallenberg Investments, added, “We believe this initiative will generate valuable spillover effects — enabling upskilling, fostering new collaborations, and strengthening the broader national AI ecosystem.”
Nvidia Eyes Budget AI Chips for China Amid Export Challenges
In a separate development, Nvidia is planning to release a cost-effective AI chipset tailored for the Chinese market. Sources suggest production could begin as early as June.
The new chips, part of Nvidia’s Blackwell architecture, are expected to be priced between $6,500 and $8,000 — significantly more affordable than the current $10,000 to $12,000 models. However, these budget chips will feature simplified specifications, similar to the company’s RTX Pro 6000D. They will include server-class GPUs and GDDR7 memory, rather than the more advanced high-bandwidth memory.
Although Nvidia hasn’t officially confirmed the new product, a company spokesperson said the firm is evaluating its options and has temporarily suspended sales in China pending U.S. government approval of any new designs.
China remains a key market for Nvidia, accounting for over 13% of its annual revenue. The company has faced challenges following the U.S. government’s April ban on its H20 chip series. CEO Jensen Huang acknowledged that the Hopper architecture used in those chips can no longer be adapted to meet new export regulations.
As a result of these restrictions, Nvidia’s market share in China has fallen to 50%, down from 95% before 2022. Meanwhile, rival Huawei is gaining ground with its Ascend 910B chip. Huang warned that if the export limitations persist, Huawei could continue to capture more of the market.
Despite these setbacks, sources say Nvidia is already working on another Blackwell-based chip for China, with production expected to begin in September.