Brookfield

Nov 3, 2026

Brookfield and Drax plan AI data center project in the UK with investment potentially topping $26.8 billion

Drax Group has signed an agreement with Brookfield and Brookfield’s neocloud platform Radiant to jointly develop an artificial intelligence data center at the Drax power station site in North Yorkshire, England. The first phase targets 100 megawatts of capacity by the first quarter of 2028. The partners then plan to add another 500 megawatts between 2028 and 2031, with the site ultimately aiming for more than 1 gigawatt of capacity. Brookfield estimates total investment, including semiconductors, could exceed £20 billion, or about $26.8 billion. Initial investment for the first phase is set at £2.5 billion. Following the announcement, shares of London-listed Drax rose 8.2% in early trading. CNBC was cited as the source for the report.

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Brookfield

Nov 2, 2026

Brookfield leads South Korea’s first $8 billion GPU financing deal

Brookfield has appointed KB Kookmin Bank as lead arranger for what the bank described as the largest syndicated loan in South Korean history, aimed at funding artificial intelligence chip purchases for NAVER. In a statement released Sunday, KB Kookmin Bank said the loan will finance AI computing infrastructure, including graphics processing units, or GPUs. The facility totals KRW 10.7 trillion, roughly $8 billion, and forms part of a broader KRW 12.6 trillion financing package. The bank also said the transaction marks South Korea’s first large-scale GPU financing deal, with the AI chips to be supplied to NAVER Cloud under long-term lease arrangements. The report added that banks and private credit funds across Asia are expanding AI-related financing beyond data center construction to include hardware such as chips that provide computing power.

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Brookfield

Nov 2, 2026

Brookfield taps KB Kookmin Bank to lead Korea’s largest syndicated loan

Global investment firm Brookfield has appointed KB Kookmin Bank as the lead arranger for what was described as the largest syndicated loan in South Korean history. The financing totals KRW 10.7 trillion, or about $8 billion. According to the brief report cited by ChainCatcher, the proceeds are intended to support the purchase of artificial intelligence chips for South Korean technology giant NAVER. The deal links one of the world’s major investment firms, a leading Korean bank, and one of the country’s best-known tech companies in a financing package centered on AI infrastructure demand. No additional terms, timeline, or participating lenders were disclosed in the source material.

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PaleBlueDot AI

Sep 30, 2026

PaleBlueDot AI seeks $600 million credit line for chip purchases in South Korea

PaleBlueDot AI, an artificial intelligence startup, is seeking a $600 million private credit facility from asset manager Brookfield, according to Techub, which cited Crypto Briefing. The funding is intended mainly for large-scale chip purchases in South Korea. The company plans to use the procurement to support its broader expansion across Asia. The report did not disclose further terms of the proposed financing or a timeline for the chip purchases. The update was published by Techub as a brief technology news item.

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Brookfield

Sep 4, 2026

Brookfield to Invest $9 Billion in Naver's Sejong Data Center for AI Factory

Asset manager Brookfield has agreed to invest up to $9 billion in Naver's Gak Sejong data center in Sejong, South Korea, for building an AI factory. The initial phase will include 200 MW capacity, as reported by Tech in Asia.

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Naver

Jul 27, 2026

Naver, Nvidia and Brookfield plan gigawatt-scale AI cloud infrastructure, with Sejong AI plant set for 200 MW

South Korean internet company Naver plans to work with Nvidia and Brookfield Asset Management on gigawatt-scale AI cloud infrastructure projects in South Korea and the United States, according to BlockBeats. As part of the plan, Naver and Nvidia will expand the GAK Sejong AI factory in Sejong, South Korea, to 200 megawatts, with completion targeted for 2028. The facility is expected to use Nvidia’s latest AI infrastructure, including the Vera Rubin and Blackwell platforms. Naver also plans to scale Nvidia AI infrastructure deployments further to 1 gigawatt to support large-scale artificial intelligence computing demand. The cooperation is aimed at advancing South Korea’s AI computing infrastructure and strengthening the companies’ broader global AI cloud service footprint.

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NAVER

Jul 21, 2026

NAVER seeks $7.3 billion from Brookfield for 1GW AI factory project

South Korea’s NAVER Group is seeking more than 10 trillion won, or about $7.3 billion, from Brookfield Asset Management to help finance its GAK Sejong sovereign AI factory project developed with Nvidia. Korea JoongAng Daily reported that NAVER founder and board chairman Lee Hae-jin is set to travel to Canada this week to meet Brookfield executives before heading to Silicon Valley for talks with Nvidia CEO Jensen Huang. The project timeline calls for the first 55MW facility to begin operations in the first half of 2027, with the broader build-out reaching 1 gigawatt by 2029. Brookfield’s profile as a potential backer comes with more than $1 trillion in assets under management and a recent push into AI infrastructure. The report also outlines broader NAVER-Nvidia cooperation spanning the HyperCLOVA X model, the Seoul World Model, and an AI agent platform expected in the second half of 2026.

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Bit.Fan