Copyright dailytimes
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 enterprises across Europe. As organizations rush to expand their data capabilities, the need for advanced networks and cloud systems has fueled a wave of investment, particularly in data centres. Read more : OpenAI Launches Atlas Browser to Rival Google Chrome Despite concerns from some industry leaders like Jeff Bezos and Sam Altman about potential overvaluation, Hotard believes the AI wave is built on real, lasting innovation. “Even if there’s a bubble or downturn, the longer-term trends remain highly favorable,” he noted. He added that Nokia is benefiting directly from the AI surge, with recent quarterly earnings exceeding expectations due to strong optical and cloud demand. Nokia’s strategic shift toward AI marks its most significant transformation since it sold its mobile phone division in 2013. While mobile networks remain a core part of its operations, the company is now integrating AI into key areas like radio access and fibre networks. The acquisition of Infinera, a leading U.S. optical networking firm, has also strengthened Nokia’s position in AI-driven data centre technology. Read more : NASA Supercomputer Predicts Earth Will Become Uninhabitable in Future Moreover, Nokia has established a dedicated Technology and AI organization to accelerate innovation under Chief Technology Officer Pallavi Mahajan, another former Intel executive. With this move, the Finnish telecom giant aims to enhance its competitiveness in a rapidly evolving tech landscape. As AI continues to reshape industries, Nokia’s renewed focus on intelligent infrastructure signals a bold step into the next phase of global digital transformation.
