To increase revenue from its 5G and 4G networks, Nokia announced on Wednesday that it had acquired the largest application programming interface (API) hub and marketplace in the world from the American company Rapid.
To draw in investments associated with the development of artificial intelligence, Finland’s Nokia, like other telecom equipment manufacturers, has been searching for methods to monetize its 5G technology or diversify its market.
Laptops 1000Under the terms of the agreement, Nokia stated that it would acquire the technology and R&D division of the U.S. tech start-up, allowing its customers to communicate with the platform’s developer community, link their networks, and manage their API usage.
Software components can communicate, exchange data, and perform other tasks in a standardized manner thanks to APIs, which are code strings.
By using them on cutting-edge 5G networks, consumers may obtain data like their position or connectivity status more quickly, safely, and accurately.
Nokia withheld the deal’s financial information.
