Stockholm-based corporate bank SEB has joined a consortium of companies aiming to build advanced AI infrastructure in Sweden using technology from Nvidia.

The consortium, which consists of SEB, AstraZeneca, Ericsson, Saab, and Wallenberg Investments, will build a system operated by a joint Swedish company to offer sovereign and secure compute access to consortia members.

SEB said that AI is “central” to its aims of driving productivity enhancement and future proofing the bank.

The move aims to set up a next generation AI compute infrastructure that is both a production facility and a reference installation, which the bank said will unlock new possibilities for AI adoption.

The first phase of the deployment will use Nvidia’s latest generation super scalable technology, which SEB claims will make it the largest enterprise AI supercomputer in Sweden once operational.

It will be used to run compute-heavy AI workloads, speeding up processes such as training domain-specific AI models and large-scale inference, including reasoning AI.

Jonas Ahlström, chief operating officer & deputy president & chief executive at SEB, said that the acceleration of AI deployment will enable “strategic leaps” in the bank’s service to customers.

“Having access to cutting-edge AI resources and compute power in Sweden and being part of the design of this infrastructure is an important component in preparing the bank for the future,” he added. “Our co-operation with external partners, including public cloud providers, continues and we view an ecosystem approach as key in achieving our AI ambitions.”

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