Naver wins $10 bil. investment from Nvidia, Brookfield
Naver's logo is seen at its headquarters in Seongnam, Gyeonggi Province / Korea Times file
Naver, the country's leading internet portal operator, has received a combined $10 billion investment commitment from Nvidia and U.S. private equity firm Brookfield to finance its project to build an artificial intelligence (AI) data center here.
With the funding, Naver, also a major cloud service provider, will be able to accelerate its project, according to Lee Hae-jin, founder of Naver, in an AI summit held in San Francisco on Friday (local time).
Earlier, Naver said it would work with Nvidia to build large-scale, global AI infrastructure, starting with an expansion of its data center in South Korea.
Brookfield has agreed to invest up to $9 billion in Naver.