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AI & Enterprise
Naver AI factory in talks on Nvidia GPUs, Brookfield funding to cut investment burden
Naver is pursuing a plan to build its AI factory by receiving graphics processing units from Nvidia and securing computing infrastructure through a separate investment structure under discussion with Brookfield Asset Management. Under the structure, an SPV funded through project financing would buy and own GPUs and data centre facilities, while Naver would operate the business and pay for use. The first phase targets 200 MW by 2028, starting at its Gak Sejong data centre.
AI & Enterprise
OpenAI, Anthropic set up AI joint ventures with private equity firms to battle for enterprise market
OpenAI and Anthropic are setting up joint ventures to target the enterprise market. Anthropic said on May 4 it will form a venture focused on corporate AI services with Blackstone, Hellman & Friedman and Goldman Sachs, alongside other investors. The Wall Street Journal put the venture’s valuation at $1.5 billion. Bloomberg reported OpenAI is raising $4 billion for The Development Company at a $10 billion valuation.
AI & Enterprise
OpenAI\'s 17.5 percent return guarantee fuels debate over sustainability
OpenAI is pursuing a structure that guarantees private equity investors a 17.5 percent annual return, widening debate over whether it is sustainable. Some market figures warn the fixed return resembles past crypto projects such as Terra’s Anchor Protocol, which promised 19 to 20 percent before collapsing. Critics also cite OpenAI’s expected 2026 loss despite strong revenue growth. Others argue OpenAI has real customers and API-based revenue, unlike Terra.