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Games & Commerce
Naver forms $10 billion AI infrastructure alliance with Nvidia and Brookfield
Naver said on July 27 it secured a $1 billion strategic investment from Nvidia and signed a $9 billion infrastructure pre-agreement with alternative asset manager Brookfield. It said the deals would provide $10 billion in global funding and partnerships, helping address GPU supply and equipment procurement. Nvidia will acquire a 4.5% stake. Naver also plans to enter AI factory revenue from 2027 and scale capacity from 55 MW to 200 MW and then 1 GW.
AI & Enterprise
K-AI chips put to the test as global AI startups step up push into South Korea
South Korean neural processing unit makers are teaming up with domestic cloud companies to target the AI inference market, testing whether they can secure a foothold beyond Nvidia’s barriers. Samsung SDS launched an NPU-as-a-service offering on its Samsung Cloud Platform based on FuriosaAI’s second-generation chip. Rebellions is also partnering with KT Cloud and Gabia. Foreign AI startups are stepping up moves into Korea, including Genspark and China’s Kling AI.
Industry
SK $500 billion, Samsung $200 billion: global AI deals unveiled
Around a San Francisco AI summit, South Korea unveiled government-led cooperation plans between global AI companies such as Nvidia, OpenAI and Broadcom and Korean firms including Samsung Electronics, SK Group, Hyundai Motor Group and Naver. Nvidia and SK Group disclosed a partnership intent worth more than $500 billion, while Samsung and Broadcom signed an MOU worth more than $200 billion through 2030. Nvidia and Brookfield also plan a $10 billion investment in Naver.
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Games & Commerce
Naver to raise $10 billion from Nvidia, Brookfield to expand AI factory globally
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Industry
South Korea\'s President Lee, business leaders meet in San Francisco to reshape AI supply chain
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AI & Enterprise
Cognition acquires text-based AI assistant Fork, adds \'friend-like\' chat to Devin
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AI & Enterprise
Nvidia steps up cooperation with South Korea to expand AI ecosystem at San Francisco AI summit
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Industry
Hyundai Motor design patent for \'Boulder\' off-road SUV revealed in India
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Crypto
Crypto industry to contribute $55 billion to U.S. economy, report says
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Mobility
Tesla\'s own chart shows robotaxi growth stalled despite expansion push
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Telecommunications & Media
Meta social media addiction lawsuit dropped
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Industry
Sunday Robotics unveils home robot AI that folds laundry in unfamiliar homes
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Mobility
Honda, Tesla and Volkswagen join EV discontinuation rush in U.S.
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Industry
US K-beauty sales surge 48 percent in a year as local retailers expand offerings
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AI & Enterprise
PsiQuantum presses ahead with photon-based large-scale quantum computer
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AI & Enterprise
Apple files lawsuit against OpenAI alleging broad theft of trade secrets
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Mobility
Trek launches throttle-equipped Borego+ to target fat-tire e-bike market
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Mobility
BMW to launch iX5 Hydrogen SUV in 2028