Nokia Corporation has expanded its partnership with Google Cloud to help software developers accelerate the development of 5G solutions worldwide. By leveraging Google Cloud resources, developers can create next-generation enterprise and consumer 5G applications. Nokia’s Network as a Code platform on Google Cloud aims to bring together telecom networks, system integrators, and software developers to create a unified ecosystem. Developers will have access to essential tools like software development kits, network API documentation, and testing facilities to create applications for clients.
The collaboration will also integrate Google Cloud’s Vertex AI and Gemini 1.5 Pro model, allowing developers to work with different types of information through text, images, video, or code. This partnership will make it easier for Google Cloud’s global developer community to harness the power of 5G for faster software development. These collaborations will help Nokia expand its network footprint to meet the increasing demand for global connectivity across various industries.
Despite a 12.2% decline in Nokia’s shares over the past year, the company continues to make progress in the industry. Nokia currently holds a Zacks Rank of 3 (Hold), while top-ranked stocks in the industry include NVIDIA Corporation, Arista Networks, and Motorola Solutions. NVIDIA, with a Zacks Rank of 1 (Strong Buy), has been a leader in innovation, focusing on AI-based solutions that support high-performance computing, gaming, and virtual reality platforms. Arista Networks, also with a Zacks Rank of 1, supplies products to a prestigious set of clients and has a long-term growth expectation of 15.68%. Motorola Solutions, with a Zacks Rank of 2 (Buy), provides services to government segments and public safety programs, along with large enterprises.
Overall, Nokia’s collaboration with Google Cloud and its partnerships in the industry show promise for the future. Investors may want to keep an eye on the company’s progress and developments in the 5G space.
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https://finance.yahoo.com/news/nokia-nok-extends-google-cloud-172800176.html
