South Korea's Naver said in a regulatory filing on Monday that Nvidia will acquire US$1 billion of its newly issued shares as part of an investment partnership to build a new data center.

Naver secures $1B from Nvidia and up to $9B from Brookfield to build gigawatt-scale AI data centers in South Korea, targeting full deployment by

Naver plans to triple its data center capacity through a partnership with Nvidia while pursuing $6.8B in AI funding and a $10.3B crypto exchange