Nvidia plans to invest approximately $1 billion in South Korean internet company Naver to support the development of an artificial intelligence data center. This investment will secure Nvidia a 4.5% stake in Naver. Additionally, Naver and Nvidia are collaborating with the U.S. private-equity firm Brookfield to potentially raise up to $9 billion in funding for the AI project, signaling an ambitious expansion of AI infrastructure in South Korea.

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https://www.wsj.com/tech/ai/nvidia-to-invest-1-billion-in-navers-ai-project-167e25de

Nvidia to Invest $1 Billion in Naver’s AI Project

Nvidia would hold a 4.5% stake in Naver once the transaction has been completed

Kwanwoo Jun

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Nvidia CEO Jensen Huang and three other CEOs toast at a BBQ restaurant in Seoul. Naver and Nvidia said they are in talks with U.S. private-equity firm Brookfield to provide up to $9 billion in funding for the project.Yonhap News Agency/Yonhap News Agency/Reuters

Nvidia NVDA-0.92%decrease; down pointing triangle will invest roughly $1 billion in South Korean internet company Naver 0354206.75%increase; up pointing triangle to help finance an artificial-intelligence data center, deepening the companies’ partnership in AI.

The planned investment could pave the way for a broader multibillion-dollar push into AI infrastructure in South Korea. Naver and Nvidia said they are in talks with U.S. private-equity firm Brookfield to provide up to $9 billion in funding for the project.