NVIDIA Corp (NASDAQ:NVDA) plans to invest about $1 billion in NAVER Corp as part of a broader effort to expand artificial intelligence datacenter infrastructure in South Korea.
Announced Saturday during South Korean President Lee Jae Myung's visit to the AI Summit in San Francisco, the project would expand NAVER's GAK Sejong AI datacenter from 55 megawatts to 200 megawatts by 2028, with Brookfield Asset Management Ltd (NYSE:BAM) proposing up to $9 billion to fund the AI infrastructure.
NAVER also updated the partnership structure, saying NVIDIA will participate as the supplier of GPUs for the AI datacenter rather than as a partner sharing revenue and business risks.
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The companies said the project will support the development and deployment of next-generation AI models and applications across South Korea.
