Search results for SPV
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.
Games & Commerce
Naver pivots from search to AI infrastructure with \'AI factory\' push
Naver is positioning AI infrastructure as a new growth pillar, moving beyond domestic search, shopping and advertising into B2B infrastructure aimed at global AI computing demand. Its core project is an “AI factory” 추진 with Nvidia. Plans call for ramping capacity from 55MW in the first half of next year to 200MW by end-2028, with a long-term goal of 1GW. Key hurdles include long-term customer contracts, funding, power and sites, and technology-change risks.
Crypto
Kraken, Maple launch on-chain warehouse financing for institutional crypto-backed loans
Kraken and Maple have launched an on-chain warehouse financing facility for institutional loans backed by cryptocurrencies. The structure applies a warehouse financing model commonly used in traditional credit markets to digital-asset lending. The facility supplies funding for Kraken’s OTC lending business through a special purpose vehicle operated in USDC. Maple provides senior capital, while Kraken retains a stake in the transaction. The companies did not disclose the facility’s size or detailed terms.
