Global Markets Slide as Tech Stocks Sink, Yields Rise, and AI Concerns Deepen 
China Adds Domestic AI Chips to Government Procurement List as U.S. Considers Easing Nvidia Export Curbs 
S&P 500 Slides as AI Chip Stocks Tumble, Cooling Tech Rally 
SpaceX CEO Elon Musk Denies Reports of $800 Billion Valuation Fundraise 
U.S. Greenlights Nvidia H200 Chip Exports to China With 25% Fee 
EssilorLuxottica Bets on AI-Powered Smart Glasses as Competition Intensifies 
Wall Street Futures Dip as Broadcom Slides, Tech Weighed Down Despite Dovish Fed Signals 
Microsoft Unveils Massive Global AI Investments, Prioritizing India’s Rapidly Growing Digital Market 
Australia’s Labour Market Weakens as November Employment Drops Sharply 
Evercore Reaffirms Alphabet’s Search Dominance as AI Competition Intensifies 
Trello Outage Disrupts Users as Access Issues Hit Atlassian’s Work Management Platform 
US Signals Openness to New Trade Deal as Brazil Shows Willingness, Says USTR Greer 
Fed’s Dovish Tone Sends Dollar Lower as Markets Price In More Rate Cuts 
Australia Enforces World-First Social Media Age Limit as Global Regulation Looms 
Nvidia Develops New Location-Verification Technology for AI Chips 
Nokia, once renowned for its mobile phones, is now aiming to play a key role in Korea's digital transformation. Leveraging its B2B network solutions expertise, the Finnish telecom giant plans to develop 6G network equipment by 2027 and commercialize it by 2029.
Setting its sights on the future, the Finnish telecommunications giant is dedicated to developing 6G network equipment by 2027 and aims to commercialize this cutting-edge wireless technology by 2029.
It's worth noting that the Korean government has laid out an impressive digital roadmap called "K-Network," with the vision of becoming the first country in the world to commercialize 6G by 2030.
"Nokia is deeply committed to B2B technology collaborations, working closely with esteemed companies such as SK Telecom, KT, and LG Uplus in Korea. We bring our expertise in network infrastructure, mobile networks, cloud and network services, software business, and licensing," emphasized Nokia during a press conference.
During this conference, Nokia provided valuable insights into Korea's 5G landscape and its substantial contribution to the country's network industry. The company expressed enthusiasm for the K-Network 2030 strategy of the Korean government, seeing it as a perfect fit for their business. Nokia is fully prepared to contribute to the digital transformation of Korean companies and the government.
Last September, the government announced its ambitious K-Network 2030 strategy, aimed at positioning Korea as the frontrunner in future network technologies such as 6G networks, quantum networks, low-orbit satellite communications, and Open RAN, a system that facilitates interoperability between wireless network manufacturers.
Expected to operate on a higher frequency range, 6G networks will offer exceptional data capacity and reduced latency when compared to the current 5G network. Brian Cho, Nokia Korea's Head of RAN Product Management, highlights, "The industry envisions 6G commercialization with a tenfold increase in data capacity compared to 5G, while reducing electricity consumption by half."
Nokia's aspirations reflect their desire for wireless market leadership, actively continuing research in 5G advancements and the exciting frontier of 6G. Chief Technology Officer James Han agrees, highlighting 5G's limitations in powering advanced technologies like the metaverse, extended reality, and virtual reality.
Ahn Tae-ho, Nokia Korea's Head of Market Unit, elaborates, "Nokia's mission in Korea is to offer critical solutions that have the potential to revolutionize the nation's technology landscape."
Nokia is steadfast in its commitment to driving Korea's digital transformation, all while positioning itself as a catalyst for groundbreaking technological advancements.
Photo: Pawel Czerwinski/Unsplash
