Telia Partners With Brookfield and KTH For Sovereign AI in Sweden
By Dominic Chopping
STOCKHOLM--Swedish telecommunications operator Telia, Brookfield Asset Management and Stockholm university KTH Royal Institute of Technology agreed to form a partnership to jointly develop sovereign artificial-intelligence services and applications in Sweden.
Under the memorandum of understanding, the partnership is aimed at building scalable sovereign AI capabilities, including services based on large language models and KTH software.
The partnership is intended to address the evolving technology needs of Swedish businesses and organizations in sectors such as healthcare, education, manufacturing and critical infrastructure, its members said in a joint statement Monday.
The agreement builds on the Swedish sovereign AI program announced earlier this year by Telia and Brookfield, which saw Brookfield outline plans to invest up to 95 billion kronor ($10 billion) in Swedish AI infrastructure with a Telia unit set to operate and deliver AI services on top of this infrastructure.
"The addition of KTH reinforces the partnership between Brookfield and Telia and marks another important step in supporting Sweden's ambition to become a leader in AI," said Sikander Rashid, head of AI infrastructure for Brookfield.
"As demand for AI services continues to grow across Europe, success will depend on a strong ecosystem that brings together infrastructure, connectivity and innovation."
The partners will also explore the development of an AI test bed and activities to create AI ventures, hosted by KTH. These projects could provide researchers with greater access to the latest AI technologies, help entrepreneurs and companies bring innovations to market faster, and serve as a platform for attracting further talent, investment and research to Sweden, they said.
Write to Dominic Chopping at dominic.chopping@wsj.com
(END) Dow Jones Newswires
June 15, 2026 03:06 ET (07:06 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.The articles, information, and content displayed on this webpage may include materials prepared and provided by third parties. Such third-party content is offered for informational purposes only and is not endorsed, reviewed, or verified by Morningstar.
Morningstar makes no representations or warranties regarding the accuracy, completeness, timeliness, or reliability of any third-party content displayed on this site. The views and opinions expressed in third-party content are those of the respective authors and do not necessarily reflect the views of Morningstar, its affiliates, or employees.
Morningstar is not responsible for any errors, omissions, or delays in this content, nor for any actions taken in reliance thereon. Users are advised to exercise their own judgment and seek independent financial advice before making any decisions based on such content. The third-party providers of this content are not affiliated with Morningstar, and their inclusion on this site does not imply any form of partnership, agency, or endorsement.
Popular
4 Stocks to Buy Before They Rise Further
2 Undervalued Stocks to Buy Before They Rebound
The 10 Best Dividend Stocks
12 Best Blue-Chip Stocks to Buy for the Long Term
United States