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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.

Industry

U.S. biotech Axiom chooses Hong Kong over Nasdaq for first listing

U.S. biotech Axiom Biosciences has chosen Hong Kong, not a U.S. exchange, for its first stock market listing. The San Diego-based company is pursuing a Hong Kong listing in 2027 and is considering a secondary U.S. listing in 2029. Axiom expects Hong Kong to provide access to specialist biotech investors and expand cooperation with Asian clinical trial and commercialization partners amid shifting global biotech financing conditions.

Crypto

Goldman Sachs launches investment platform targeting pre-IPO unicorns

Goldman Sachs has created a new investment platform for wealthy clients and family offices focused on late-stage private companies. The bank consolidated its alternative investment operations into a new unit that supports direct investment in individual private firms and helps clients buy and sell unlisted stakes. It is also formalising a business to provide liquidity in private holdings through a new secondary advisory team, reflecting rising demand tied in part to an AI investment boom.