Nokia and Xiaomi are going to become partner in developing artificial intelligence (AI), Internet of Things, and augmented/virtual reality together.
Through their new partnership, Nokia and Xiaomi have agreed to cross-license each other’s cellular standard essential patents. Under the agreement, Xiaomi will also acquire some patent assets from Nokia, the deal will target large Web services providers and data center operators, with Nokia providing the network infrastructure equipment designed for high-capacity, low-power data processing needs.
‘Win-Win Patent Agreement’
“In addition to welcoming such a prominent global technology company to our family of patent licensees, we look forward to working together on a wide range of strategic projects,” Nokia president and CEO Rajeev Suri (pictured above) said today in a statement.
“Our win-win patent agreement with @Nokia after months of negotiations is a significant milestone for Xiaomi,” Xiaomi senior vice president Wang Xiang noted today in a tweet.
In March, Xiaomi was reported to have established an AI lab, although the company has not disclosed details about the types of projects the lab will work on.