Nokia reported a significant surge in its second-quarter profit, which rose 18% to 434 million euros, beating analyst expectations. This growth was largely driven by strong demand from AI and cloud customers, with sales to these customers doubling to 446 million euros. The company secured 2.8 billion euros in new orders, with CEO Justin Hotard noting that supply constraints are driving customers to sign longer-term deals.
AMD is experiencing surging AI compute demand, with a projected $1.4 trillion AI accelerator market by 2030. The company has launched new hardware, software, and partnerships to capitalize on this trend. Meanwhile, Oracle has laid off 21,000 employees, or 13% of its staff, to fund a $300 billion computing deal with OpenAI, highlighting the intense competition in the AI space.
Startups are also making waves in AI. CARPL.ai, a radiology AI marketplace, raised $10 million in funding and offers over 300 AI applications across 100-plus partners. Prentis, an AI lab co-founded by Reid Hoffman and Marc Pincus, is in talks to raise $100 million to focus on automating routine computer tasks. OpenAI, a key player in the AI space, has launched a program to accelerate small business AI adoption, including ChatGPT Work, an AI-powered productivity tool.
Regulatory efforts are also underway. China is considering regulations on quant funds and AI usage to address associated risks. Europe's diverse languages are exposing AI security gaps, particularly in less-supported languages. As AI continues to reshape industries, from online casinos to radiology, companies are navigating the opportunities and challenges of this rapidly evolving technology.
Key Takeaways
• Nokia's Q2 profit surged 18% to 434 million euros, driven by AI and cloud demand. • AMD projects a $1.4 trillion AI accelerator market by 2030. • Oracle laid off 21,000 employees to fund a $300 billion computing deal with OpenAI. • CARPL.ai raised $10 million for its radiology AI marketplace. • Prentis AI Lab is in talks to raise $100 million. • OpenAI launched a program to accelerate small business AI adoption. • China considers regulations on quant funds and AI usage. • Europe's diverse languages expose AI security gaps. • AI is transforming online casinos and other industries. • Nokia's AI and cloud sales doubled to 446 million euros.Nokia's AI and Cloud Sales Double, Boosting Q2 Profit
Nokia's second-quarter profit rose 18% to 434 million euros, beating analyst expectations. The company's sales to AI and cloud customers doubled to 446 million euros. Nokia booked 2.8 billion euros in new orders, with CEO Justin Hotard noting that supply constraints are driving customers to sign longer-term deals.
Nokia Sees AI and Cloud Drive Sales Growth
Nokia reported that demand for its AI and cloud services drove sales higher in the second quarter. The company's AI and cloud order intake was 2.8 billion euros, while sales more than doubled year-on-year.
Nokia Q2 Profit Surges on AI and Cloud Demand
Nokia's quarterly comparable operating profit jumped 18% to 434 million euros, driven by strong demand from AI and cloud customers. The company's net sales reached 4.82 billion euros, with sales to AI and cloud customers doubling to 446 million euros.
Nokia's AI Supercycle Takes Off with Q2 Sales Surge
Nokia reported stronger financial results for the second quarter of 2026, with revenue and profitability improving year-on-year. The company's AI and cloud order intake was 2.8 billion euros, while sales more than doubled year-on-year.
Nokia Q2 Profit Beats on AI and Cloud Growth
Nokia's comparable operating profit jumped 18% to 434 million euros in the second quarter, driven by AI and cloud customers. The company's net sales reached 4.82 billion euros.
Nokia AI and Cloud Sales Drive Q2 Growth
Nokia reported that AI and cloud services drove sales growth in the second quarter. The company's underlying profit rose 18% to 434 million euros.
AMD AI Compute Demand Surges
AMD reported surging AI compute demand, with a projected $1.4T AI accelerator market by 2030. The company has launched new hardware, software, and partnerships.
China Considers Regulations on AI and Quant Funds
China is considering regulations on quant funds and AI usage, according to a report. The move aims to address risks associated with AI and quant funds.
Oracle Fires 21,000 Employees Amid AI Bet
Oracle laid off 13% of its staff, or 21,000 employees, to fund a $300 billion computing deal with OpenAI. The move comes amid a global AI competition.
CARPL.ai Raises $10M for Radiology AI Marketplace
CARPL.ai, a radiology AI marketplace, raised $10 million in funding. The platform offers over 300 AI applications across 100-plus partners.
Europe's Multilingual Reality Exposes AI Security Gaps
Europe's diverse languages expose AI security gaps, particularly in less-supported languages. AI models perform better in languages like English, but struggle with others.
Prentis AI Lab in Talks to Raise $100M
Prentis, an AI lab co-founded by Reid Hoffman and Marc Pincus, is in talks to raise $100 million. The lab focuses on automating routine computer tasks.
OpenAI Launches Small Business AI Program
OpenAI launched a program to accelerate small business AI adoption. The program includes ChatGPT Work, an AI-powered productivity tool.
AI Reshapes Online Casinos
AI is transforming online casinos, with machine learning tailoring experiences to individual players. The technology also enhances search, discovery, and support.
Sources
- Nokia’s AI And Cloud Push Lifted Q2 Profit
- Nokia says AI, cloud boosted sales in second quarter
- Nokia Q2 profit beat as sales from AI, cloud doubled
- Nokia’s AI Supercycle Takes Off: Q2 Sales Surge as Cloud Demand Soars
- Nokia Q2 profit beat as sales from AI, cloud doubled
- Nokia says AI, cloud boosted sales in second quarter
- AMD: AI-driven compute demand is surging, fueling rapid product innovation and large-scale deployments
- China Hints at Regulations on Quants, AI Usage in State Paper
- AI bet goes awry: Oracle fires 21,000 employees
- Radiology artificial intelligence marketplace CARPL.ai raises $10M
- Europe's Multilingual Reality Exposes AI Security Gaps
- Prentis, new AI lab co-founded by Reid Hoffman, Marc Pincus in talks to raise $100M
- OpenAI Launches Program to Accelerate Small Business AI Adoption
- How Artificial Intelligence Is Reshaping Online Casinos, and What It Means for Wisconsin Players
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