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Nvidia Invests $1B in Naver's AI Future
27 Jul
Summary
- Nvidia is investing $1 billion for a 4.5% stake in Naver.
- The investment supports Naver's AI infrastructure expansion.
- Brookfield may provide up to $9 billion in additional financing.
Nvidia has committed to a $1 billion investment in Naver, securing a 4.5% equity stake in the South Korean internet company. This capital injection is designated to accelerate the expansion of Naver's artificial intelligence infrastructure.
The investment will specifically enhance Naver's AI factory located at its GAK Sejong data center. Nvidia's involvement underscores the growing demand for advanced AI computing power.
Brookfield is also set to contribute significantly, with expectations of providing up to $9 billion for the project. This brings the total planned investment to a substantial $10 billion.
The expanded AI facility is targeted to achieve 200 megawatts of capacity by the year 2028. It will utilize Nvidia's cutting-edge Blackwell and Vera Rubin AI platforms to handle demanding AI workloads and generative AI services.
