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Nokia announced a major restructuring as part of its push into AI. The company will now consist of two units: network infrastructure and mobile infrastructure.

Nokia is dividing its artificial intelligence (AI) and telecom businesses into separate units. The tech company announced Wednesday (Nov. 19) that its new network infrastructure division would house its AI and data center operations, while its telecoms network operations would become part of its mobile infrastructure unit.

The company plans to accelerate growth in AI and cloud services, while developing new technology incorporating AI into next-generation mobile networks.

Nokia unveiled a new strategy on Wednesday focused on artificial intelligence, as the Finnish telecoms equipment maker strives to simplify its business and boost annual core profit by as much as 60% over the next three years.

Nokia (NYSE: NOK) stock has surged 50% in the last year, and investors still love it.

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