Naver invests in US startup developing wave-powered AI data centers
Naver has invested in Panthalassa, a U.S. startup developing floating artificial intelligence (AI) data centers powered by ocean waves, as the tech giant moves to secure infrastructure to meet the rapidly growing demand for AI computing. The company on Thursday announced the investment without disclosing details such as the amount or the size of the stake it acquired. It said the investment is…
Naver has made a strategic investment in Panthalassa, a U.S. startup pioneering the development of floating AI data centers that harness ocean wave energy. This move comes as Naver seeks to bolster its infrastructure to keep pace with the skyrocketing demand for AI computing capabilities. While the specifics of the investment, such as the exact amount or the ownership percentage, remain undisclosed, Naver's announcement underscores its commitment to advancing next-generation AI data center technologies.
These include facilities powered by renewable energy sources, particularly wave energy, which eliminates the need for independent power plants or fuel. Established in 2016, Panthalassa specializes in creating floating data centers that generate electricity from wave energy, thereby addressing the escalating power needs of AI applications.
Speaking on the matter, Naver CEO Choi Soo-yeon highlighted the company's efforts to secure unique data center infrastructure through global collaborations. "We are proactively investing in next-generation technologies, such as wave-powered renewable energy AI data centers," Choi stated.
Written by urgent.news from The Korea Times's reporting — not their text. Machine-written — it may contain errors, so check the original before relying on it.
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- Naver invests in US startup developing wave-powered AI data centers koreatimes.co.kr
