Naver invests in US startup developing wave-powered AI data centers

Naver, the South Korean tech giant, has invested in Panthalassa, a U.S. startup that is developing floating artificial intelligence (AI) data centers powered by ocean waves. This move comes as Naver seeks to secure the necessary infrastructure to meet the rapidly growing demand for AI computing.

In its announcement on Thursday, Naver did not disclose the specifics of the investment, such as the exact amount or the percentage of ownership it acquired. However, the company stated that the investment is aimed at enhancing its capabilities in next-generation AI data center technologies, with a focus on renewable energy-powered facilities.

Founded in 2016, Panthalassa is a renewable energy startup that specializes in developing floating data centers that utilize wave energy to generate electricity. Unlike traditional data centers that rely on separate power plants or fuel, these wave-powered data centers are designed to reduce reliance on external energy sources, thereby addressing the escalating power demands associated with AI computing.

Naver CEO Choi Soo-yeon commented on the investment, expressing Naver's commitment to securing differentiated data center infrastructure through global partnerships as it expands its business into AI data centers. The company is actively investing in next-generation technologies, including wave-powered renewable energy AI data centers, to stay ahead in the rapidly evolving tech landscape.