Nokia CEO Is Banking on a Boom in AI

Nokia CEO Justin Hotard discusses the company's new strategy to streamline its business with a focus on AI, aiming to connect intelligence and usher in the AI era. He reflects on Nokia's past as a handset provider and its transition to a network and infrastructure provider, acknowledging the industry's slow adaptation to mobile data. Hotard outlines the growth opportunities in fixed infrastructure and the longer-term potential in mobile infrastructure as networks evolve to support physical AI, robotics, autonomous vehicles, and AR/VR. He identifies core tech, transport, logistics, manufacturing, and mission-critical enterprises as key industries for AI adoption, while emphasizing the need for disciplined investment and long-term vision to navigate market fluctuations and potential overcapacity.