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AI & Enterprise

Nvidia to invest $1 billion in Naver to support AI data centre buildout

Nvidia will invest $1 billion in Naver to help fund an AI data centre the South Korean company is building, Bloomberg reported on Thursday. The investment will allow Naver to expand the data centre to more than three times its existing size, the report said. The facility is being co-developed with U.S. private equity firm Brookfield and will use Nvidia AI computing hardware. Nvidia is also building an AI data centre of more than 2 gigawatts with SK Group in South Korea.

AI & Enterprise

Databricks starts new fundraising talks at $165 to $175 billion valuation

Databricks is discussing a new fundraising round at a valuation of $165 billion to $175 billion, The Information reported on Sunday. The valuation would be up sharply from $134 billion at the end of last year. The new round could begin as soon as within a month and final terms have not been set. CEO Ali Ghodsi called 2026 the worst year to list, Bloomberg TV reported.