Ericsson to Restructure Operations, Two Execs to Depart

A general view of an office of Swedish telecom giant Ericsson. Reuters file photo
A general view of an office of Swedish telecom giant Ericsson. Reuters file photo
TT

Ericsson to Restructure Operations, Two Execs to Depart

A general view of an office of Swedish telecom giant Ericsson. Reuters file photo
A general view of an office of Swedish telecom giant Ericsson. Reuters file photo

Sweden's Ericsson on Wednesday laid out plans to restructure its operating units to focus on mobile infrastructure and business customers, and announced that two senior executives will leave the company.

A new business unit was created by merging digital services and managed services to increase its cloud expertise and build products for automation and artificial intelligence.

The unit will be led by Per Narvinger, who joined Ericsson in 1997, Reuters reported.

A new unit for enterprise wireless business, to be led by Cradlepoint CEO George Mulhern, will develop 5G-related products to meet the needs of big businesses.

Ericsson executives, Arun Bansal, currently executive vice president, and Peter Laurin, head of business area managed services, will leave the company.

The new organization will take effect June 1.



Meta Plans to Invest $60 bn or More in AI this Year

A photograph taken during the World Economic Forum (WEF) annual meeting in Davos on January 19, 2025, shows the logo of Meta, the US company that owns and operates Facebook, Instagram, Threads, and WhatsApp. (Photo by Fabrice COFFRINI / AFP)
A photograph taken during the World Economic Forum (WEF) annual meeting in Davos on January 19, 2025, shows the logo of Meta, the US company that owns and operates Facebook, Instagram, Threads, and WhatsApp. (Photo by Fabrice COFFRINI / AFP)
TT

Meta Plans to Invest $60 bn or More in AI this Year

A photograph taken during the World Economic Forum (WEF) annual meeting in Davos on January 19, 2025, shows the logo of Meta, the US company that owns and operates Facebook, Instagram, Threads, and WhatsApp. (Photo by Fabrice COFFRINI / AFP)
A photograph taken during the World Economic Forum (WEF) annual meeting in Davos on January 19, 2025, shows the logo of Meta, the US company that owns and operates Facebook, Instagram, Threads, and WhatsApp. (Photo by Fabrice COFFRINI / AFP)

Meta chief executive Mark Zuckerberg on Friday said the tech giant plans to invest at least $60 billion in artificial intelligence in 2025, aiming to lead in the technology.
"This will be a defining year for AI," Zuckerberg said in a post on his Facebook page.

Zuckerberg expects Meta AI to be the top digital assistant, used by more than a billion people, and for the tech firm's Llama 4 to be at the forefront of AI models, according to the post.

Meta is creating an AI "engineer" to contribute computer coding to its research and development efforts, he explained.

Meta will construct a massive new datacenter to power its AI ambitions and is planning $60 billion to $65 billion in capital expenditures this year related to the technology, according to Zuckerberg, AFP reported.

"This is a massive effort, and over the coming years it will drive our core products and business, unlock historic innovation, and extend American technology leadership," he said.

The post comes just days after US President Donald Trump announced a major investment to build infrastructure for artificial intelligence led by Japanese giant SoftBank and ChatGPT-maker OpenAI.

Trump said the venture, called Stargate, "will invest $500 billion, at least, in AI infrastructure in the United States."

But in a post on his social media platform X, Trump ally and tech tycoon Elon Musk said the main investors "don't actually have the money."

The comment marked a rare instance of a split between the world's richest man and Trump, with Musk playing a key role in the newly installed administration after spending $270 million on the election campaign.

Microsoft president Brad Smith, meanwhile, has gone on record saying the company was on pace this fiscal year to invest about $80 billion to build out AI datacenters, train AI models and deploy cloud-based applications around the world.

"The United States is poised to stand at the forefront of this new technology wave, especially if it doubles down on its strengths and effectively partners internationally," Smith said in an online post.