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Nvidia Deepens South Korea AI Push With $1 Billion NAVER Investment
Benzinga63d agoneutral
Nvidia Deepens South Korea AI Push With $1 Billion NAVER Investment

NVIDIA Corp (NASDAQ:NVDA) plans to invest about $1 billion in NAVER Corp as part of a broader effort to expand artificial intelligence datacenter infrastructure in South Korea. Announced Saturday during South Korean President Lee Jae Myung‘s visit to the AI Summit in San Francisco, the project would expand NAVER’s GAK Sejong AI datacenter from 55 megawatts to 200 megawatts by 2028, with Brookfield Asset Management Ltd (NYSE:BAM) proposing up to $9 billion to fund the AI infrastructure. NAVER To

Nvidia Reportedly Moves to Backstop $250 Billion in OpenAI Data Center Financing, Michael Burry Says, 'Around and Around We Go'
Benzinga63d agoneutral
Nvidia Reportedly Moves to Backstop $250 Billion in OpenAI Data Center Financing, Michael Burry Says, 'Around and Around We Go'

Over the weekend, ‘Big Short’ investor Michael Burry and tech commentator Ed Zitron voiced concerns after a report said Nvidia Corp (NASDAQ:NVDA) is considering backing billions of dollars in financing to support OpenAI’s massive AI infrastructure expansion. Nvidia Reportedly Weighs Financing Guarantee For OpenAI Nvidia is in talks to provide a roughly $250 billion financial backstop for OpenAI as part of a massive data center project in southern Ohio that could ultimately cost more than $500 bi