Nvidia said it will invest $1 billion in Naver, the South Korean internet and cloud company, for an AI data center project now under construction in the country, according to a report cited by ChainCatcher from Jin10. The chipmaker said the funding will expand the size of Naver’s data center by more than three times. The project is being developed jointly by Naver and Brookfield, the U.S. private investment group, and will be equipped entirely with Nvidia AI computing hardware. Separately, Nvidia has also reached a partnership with SK Group to build an AI data center cluster in South Korea with total computing capacity exceeding 2 gigawatts. Nvidia said that level of power load is roughly enough to meet electricity demand for 1.5 million households. The company also disclosed that the first AI compute factory, built by SK Telecom, is scheduled to begin operations next year. Nvidia CEO Jensen Huang said South Korea is entering a “golden period,” pointing to the country’s semiconductor and industrial strength and its capacity to build AI infrastructure for the world.
Nvidia (NVDA.O) said it will invest $1 billion in Naver for the South Korean internet and cloud company’s AI data center project now under construction in the country, according to Jin10, as cited by ChainCatcher.
Nvidia said the funding will increase the scale of Naver’s data center by more than three times. The project is being jointly developed by Naver and Brookfield, the U.S. private investment group, and will run entirely on Nvidia AI computing hardware.
Nvidia expands South Korea buildout with SK Group
Separate from the Naver investment, Nvidia has also entered into a partnership with SK Group to build an AI data center cluster in South Korea with total computing capacity of more than 2 gigawatts. Nvidia said that power load is roughly equivalent to the electricity demand of 1.5 million households.
The company added that the first AI compute factory, to be built by SK Telecom, is set to go into operation next year.
Jensen Huang points to South Korea’s industrial base
Nvidia CEO Jensen Huang said, “South Korea is entering a golden period. The country’s semiconductor industry and industrial sector are both thriving, and it has the full capability to build AI infrastructure for the world.”
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
