Geo News
Community curated by people like you
LatestAICryptoHealthWorld AffairsUS Politics

NAVER Corporation stories

Jul 24, 2026

NAVER, Nvidia and Brookfield Propose $10 Billion-Plus Korean AI Factory Expansion

NAVER, NVIDIA, and Brookfield have proposed expanding the NVIDIA DSX AI factory deployment at GAK Sejong from 55 megawatts to 200 megawatts by 2028. NVIDIA plans to invest $1 billion, Brookfield has entered into a nonbinding term sheet to fund up to $9 billion, and NAVER will fund the remaining amounts required for the project.

Jul 24, 2026·7 sources
00

Top claims

  • ▪NVIDIA Corporation's planned $1 billion investment is subject to customary closing conditions and NAVER Corporation finalizing at least $9 billion of committed financing.
  • ▪NAVER Corporation will fund the remaining amounts required to finance the AI factory project beyond the contributions from NVIDIA Corporation and Brookfield Asset Management Inc.
  • ▪NAVER Corporation intends to expand its long-term deployment of NVIDIA Corporation AI infrastructure to 1 gigawatt.

Topics

Compute, chips & AI infrastructureData center infrastructureSovereign AIAI

Related entities

South Korea

Featured Stories

OpenAI pauses development of Astra AI model over critical cybersecurity capability concerns

OpenAI pauses development of Astra AI model over critical cybersecurity capability concerns

Aug 7, 2026·2 sources