Naver gets $10 bil. investment from Nvidia, Brookfield

Naver has received a combined $10 billion investment commitment from Nvidia and U.S. private equity firm Brookfield to finance its AI data center project in South Korea, with Brookfield agreeing to invest up to $9 billion, according to Naver founder Lee Hae-jin at an AI summit in San Francisco.

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.