Nvidia, SK Group unveil $500 billion-plus AI data centers…

Nvidia and SK Group have announced a comprehensive AI initiative valued at over $500 billion, focusing on establishing large-scale AI data centers and developing next-generation memory solutions. This collaboration includes a long-term deal with SK Hynix to ensure a supply of high-bandwidth memory crucial for AI applications. SK Telecom plans to construct a 2-gigawatt AI data center utilizing Nvidia's Vera Rubin chips and SK Hynix's HBM4 memory, with the first facility anticipated to launch in 2027. Additionally, Nvidia, alongside Naver and Brookfield, aims to expand Naver's AI data center in South Korea.

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SAN FRANCISCO, July 24 (Reuters) - Nvidia (NVDA.O), opens new tab and South Korea's SK Group on Friday unveiled a more than $500 ‌billion AI initiative spanning large-scale AI data centers and next-generation memory, Nvidia said.

The initiative includes a long-term partnership with SK Hynix (000660.KS), opens new tab ⁠to secure next-generation memory supply for Nvidia and jointly develop high-bandwidth memory for AI training, AI agents and physical AI applications.

As part of the initiative, SK Telecom (017670.KS), opens new tab plans to build a 2-gigawatt AI data ‌center ⁠powered by Nvidia's Vera Rubin chips and SK Hynix's HBM4 high-bandwidth memory, with the first facility due to ⁠come online in 2027, Nvidia added.

Separately, Nvidia said it, Naver (035420.KS), opens new tab and Brookfield plan ⁠to expand Naver's AI data center in South Korea.

Reporting by ⁠Stephen Nellis in San Francisco and Heekyong Yang and Jack Kim in Seoul; Editing by Chris Reese

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