STOCKHOLM, Aug 22 (Reuters) - AstraZeneca ( AZN ),

Ericsson, Saab, SEB and

Wallenberg Investments will jointly launch an artificial

intelligence company to develop advanced AI infrastructure for

Swedish companies, Wallenberg said on Friday.

The company, Sferical AI, aims to boost the competitiveness

of Swedish industry by offering computing power for AI in an

integrated and secure infrastructure, Wallenberg said in a

statement.

The announcement follows a partnership

launched in May

with chip maker Nvidia ( NVDA ) which will provide its

latest generation AI data centre platform to the Swedish

companies.

Wallenberg family foundations have major shareholdings

in AstraZeneca ( AZN ), Ericsson, Saab and SEB.