NVIDIA IS PUTTING $1 BILLION INTO A SOUTH KOREAN 🇰🇷 INTERNET COMPANY. BROOKFIELD IS PUTTING IN NINE TIMES THAT
NAVER, NVIDIA $NVDA, and Brookfield $BN announced plans to more than triple Korea's NVIDIA DSX AI factory buildout, from 55 megawatts to 200 megawatts by 2028, with a longer-term path to 1 gigawatt.
NVIDIA plans to invest $1 billion directly into NAVER. Brookfield has signed a nonbinding term sheet to fund up to $9 billion, contingent on NAVER finalizing that financing separately.
Jensen Huang: "AI factories are the infrastructure nations need to compete and innovate in the intelligence era."