AdvertisementAdvertisementBusiness22 Aug 2025 03:27PM (Updated: 22 Aug 2025 03:34PM) Bookmark Bookmark WhatsApp Telegram Facebook Twitter Email LinkedInRead a summary of this article on FAST.Get bite-sized news via a newcards interface. Give it a try.Click here to return to FAST Tap here to return to FASTFAST STOCKHOLM :AstraZeneca, Ericsson, Saab, SEB and Wallenberg Investments will jointly launch an artificial intelligence company to develop advanced AI infrastructure for Swedish companies, Wallenberg said on Friday.The company, Sferical AI, aims to boost the competitiveness of Swedish industry by offering computing power for AI in an integrated and secure infrastructure, Wallenberg said in a statement.The announcement follows a partnership launched in May with chip maker Nvidia which will provide its latest generation AI data centre platform to the Swedish companies.Wallenberg family foundations have major shareholdings in AstraZeneca, Ericsson, Saab and SEB.Source: ReutersNewsletterWeek in ReviewSubscribe to our Chief Editor’s Week in ReviewOur chief editor shares analysis and picks of the week's biggest news every Saturday.Sign up for our newslettersGet our pick of top stories and thought-provoking articles in your inboxSubscribe hereGet the CNA appStay updated with notifications for breaking news and our best storiesDownload hereGet WhatsApp alertsJoin our channel for the top reads for the day on your preferred chat appJoin hereAlso worth readingContent is loading...Expand to read the full storyGet bite-sized news via a newcards interface. Give it a try.Click here to return to FAST Tap here to return to FASTFAST