Nvidia will invest $1 billion in Naver to help fund an AI data centre Naver 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.
Separately, Nvidia is building an AI data centre of more than 2 gigawatts with SK Group in South Korea. That is enough to supply electricity to 1.5 million households. SK Telecom's first "AI Factory" is due to open next year. The overall scale of the Nvidia-SK Group "AI Initiative" exceeds $500 billion. That figure includes the cost of buying Nvidia memory chips and SK Group supercomputers.
Nvidia CEO Jensen Huang (젠슨 황) said in a Bloomberg TV interview that "now is Korea's golden age" and that "the semiconductor industry is booming and manufacturing is booming, so Korea has the capabilities to help build AI infrastructure around the world." He added, "together the two of us are working on a $500 billion-scale business."
Chi-gyu Hwang
delight@d-today.co.kr