Business

Ericsson and the University of Toronto join forces to Advance -Next Generation AI Powered Mobile Technologies

Ericsson (NASDAQ: ERIC) and the University of Toronto have announced a new multi-year partnership designed to accelerate innovation and R&D in next generation, AI powered mobile communications technologies. The deal was marked by a signing ceremony at the University of Toronto today. Under the initial three-year framework agreement, Ericsson will invest $1M to advance the technological infrastructure that underlies wireless communications, strengthening the Canadian R&D ecosystem.