New AI Factory from Telenor Group Accelerates AI Transformation in Nordic Industries, Welcomes Hive Autonomy as First Partner

New AI Factory from Telenor Group Accelerates AI Transformation in Nordic Industries, Welcomes Hive Autonomy as First Partner

(IN BRIEF) Telenor Group has launched its AI Factory, an initiative backed by a 100 million NOK investment to support AI-driven transformations in various industries. Powered by NVIDIA’s AI platform, the AI Factory aims to accelerate AI adoption in the Nordic region, offering local computing capabilities and fostering innovation. Hive Autonomy, a Norwegian leader in autonomous technology, has become the factory’s first customer, using Telenor’s infrastructure to enhance its autonomous solutions. The AI Factory will serve as a collaborative platform, supporting companies to develop AI-based solutions that improve safety, efficiency, and cost-effectiveness.

(PRESS RELEASE) FORNEBU, 14-Nov-2024 — /EuropaWire/ — Telenor Group has introduced its AI Factory, a transformative hub designed to propel AI integration across diverse sectors. This initiative began with an initial investment of 100 million NOK, announced in February, aimed at building an advanced AI infrastructure using NVIDIA’s complete AI computing platform. Telenor’s AI Factory will facilitate the adoption of AI technologies both internally and for external partners in the Nordic region, offering local AI computing capabilities tailored to regional needs. Hive Autonomy, a prominent Norwegian autonomous technology firm, is the factory’s first customer, marking a significant milestone in Telenor’s new AI-driven endeavor.

Christoffer Jørgenvåg, CEO of Hive Autonomy, expressed excitement about the partnership, stating, “We are thrilled to be Telenor’s first customer utilizing their AI Factory, powered by NVIDIA’s AI resources. Collaborating with Telenor enables us to make substantial strides in our autonomous solutions, boosting safety, efficiency, and reliability.”

The AI Factory underscores Telenor’s commitment to security, sustainability, and innovation, offering customers access to NVIDIA H100 Tensor Core GPUs and the NVIDIA AI Enterprise platform. This infrastructure empowers companies like Hive Autonomy to develop advanced solutions within the Nordic region, fostering optimized operations, cost reductions, and enhanced safety through AI.

“This is a landmark moment for Telenor, launching the AI Factory with a visionary partner like Hive Autonomy,” said Jannicke Hilland, Executive Vice President and Head of Telenor Infrastructure. “Our goal is to enable organizations to push the boundaries of innovation. Hive Autonomy’s pioneering work in autonomous technology aligns perfectly with our vision. Together, we’re paving the way for industries to be transformed by AI and autonomy.”

Telenor’s AI Factory is structured as a collaborative platform that merges Telenor’s infrastructure with the expertise of partner companies to expedite AI adoption. As the AI Factory grows, it will continue onboarding businesses eager to leverage artificial intelligence to drive real-world advancements in various sectors.

Media Contact:

Thomas Midteide
SVP Communications
Telenor Group
tel:+ 47 962 32 017
email: thomas.midteide@telenor.com

SOURCE: Telenor Group