SEB Joins Swedish Consortium to Develop Advanced AI Supercomputer with Nvidia
SEB is now a member of a Swedish consortium collaborating to establish a state-of-the-art AI factory powered by Nvidia technology. This consortium includes notable entities such as AstraZeneca, Ericsson, Saab, and Wallenberg Investments, all committed to building an AI supercomputer managed by a unified Swedish organization.
Marcus Wallenberg, Chair of Wallenberg Investments and SEB, emphasized the importance of investing in advanced AI infrastructure. “This initiative is vital for accelerating the development and integration of AI within the Swedish industrial landscape. We anticipate substantial benefits, including enhanced skills development, new partnerships, and a stronger national AI ecosystem.”
The initial phase of this project will leverage Nvidia’s latest high-performance, scalable technology, positioning it as Sweden’s largest enterprise AI supercomputer upon completion. This powerful infrastructure will be dedicated to executing heavy AI workloads, significantly expediting processes like training domain-specific models and supporting large-scale inference applications, including reasoning AI.
The project aims to create a next-generation AI computing framework functioning both as a production site and as a reference installation, paving the way for broader AI adoption.
Jonas Ahlström, Chief Operating Officer and Deputy President & CEO of SEB, stated, “We are committed to accelerating AI implementation throughout SEB to enhance our customer services and drive innovation in productivity and delivery speed. Access to leading-edge AI capabilities and computational power within Sweden—and our role in shaping this infrastructure—are essential for preparing the bank for the future. Our partnerships with external entities, including public cloud providers, will continue, as we believe a collaborative approach is crucial to realizing our AI goals.”