Naver secures $10 billion commitment for AI data center

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Naver Corp. has received a combined $10 billion investment commitment from Nvidia and U.S. private equity firm Brookfield to finance its planned artificial intelligence data center in Seoul, the company said at an AI summit in San Francisco. Founder Lee Hae-jin said the funding will let Naver accelerate the project. Naver, a major cloud provider and leading internet portal operator, said it will work with Nvidia to build large-scale global AI infrastructure, starting with an expansion of its data center in South Korea, while Brookfield agreed to invest up to $9 billion.

Naver received a $10 billion commitment to fund AI data center expansion