5 days ago · Nokia said Monday that it has appointed Intel’s Justin Hotard as CEO, replacing Pekka Lundmark, as the Finnish telecoms equipment maker looks to beef up its artificial intelligence business.

6 days ago · Nokia today announced that their President and Chief Executive Officer, Pekka Lundmark will be replaced on April 1st by 50 year old Justin Hotard who currently leads Intel’s Data Center & AI Group. Hotard joins Nokia with more than 25 years’ experience with global technology companies, driving innovation, technology leadership and delivering revenue growth.

5 days ago · During his brief tenure, Hotard oversaw Intel's Sierra Forest E-core and Granite Rapids P-core Xeon 6 platform launches. Up to this point, Intel's Xeons had lagged rival AMD, reinforcing its reputation for too little, too late. As we reported, at the time, Intel's Xeon 6 launch represented something of a return to form with the chipmaker briefly reclaiming core-count parity with its long-time ...

6 days ago · Last year, Nokia made a move to buy U.S. optical networking gear maker Infinera in a $2.3 billion deal to gain from the billions of dollars in investment pouring into data centres to cater to the ...

5 days ago · Nokia Oyj will replace Chief Executive Officer Pekka Lundmark with Intel Corp.’s recently appointed head of artificial intelligence Justin Hotard in a surprise announcement as the network ...

Nokia has appointed Intel's AI exec Justin Hogard as it seeks to arrest stagnant revenues. ... Nokia nearly doubled profits in 2024, partly as a result of its aggressive cost-cutting program.

Feb 21, 2024 · Espoo, Finland – Nokia today announced the collaboration with Intel to enable running virtual baseband capabilities on Nokia Digital Automation Cloud (DAC), leading to even more accessible private wireless solution for small enterprise sites.

Oct 5, 2021 · Today, Nokia announced the launch of the industry’s first industrial edge solution, Nokia MX Industrial Edge. It will allow enterprises to accelerate their operational technology digitalization initiatives and advance their journeys to Industry 4.0.

Feb 21, 2024 · In testing demonstrations, Nokia achieved approximately 40% runtime power savings using Nokia’s cloud-native 5G Core, integrated with Intel Infrastructure Power Manager (IPM) software and 4th Gen Intel Xeon Scalable Processors*, while maintaining key network performance metrics.

6 days ago · Nokia CEO Pekka Lundmark to step down March 31; Intel EVP Justin Hotard takes over April 1. Nokia announced today that CEO Pekka Lundmark will step down from the top spot at the end of March. Intel Executive Vice President and General Manager of the Data Center and Artificial Intelligence business will take over leadership of the Finnish company beginning April 1.