Naver has invested in Panthalassa, a U.S. startup developing floating artificial intelligence (AI) data centers powered by ocean waves, as the tech giant moves to secure infrastructure to meet the rapidly growing demand for AI computing. The company on Thursday announced the investment without disclosing details such as the amount or the size of the stake it acquired. It said the investment is aimed at expanding its capabilities in next-generation AI data center technologies, including renewable energy-powered facilities. Founded in 2016, Panthalassa is a renewable energy startup developing floating data centers that use wave energy to generate electricity without relying on separate power plants or fuel, potentially helping meet the growing power demands of AI as demand for computing capacity surges. “Naver is rapidly securing differentiated data center infrastructure through global partnerships as we expand our business into AI data centers,” Naver CEO Choi Soo-yeon said. “We will proactively invest in next-generation technologies such as wave-powered renewable energy AI data cen
Naver secures Nvidia’s $1b backing for AI factory push