Naver chairman meets Brookfield CEO, discusses AI data center business
Naver Board Chairman Lee Hae-jin and Brookfield Asset Management CEO Bruce Flatt discussed Brookfield’s investment commitment to a 1-gigawatt artificial intelligence (AI) data center project jointly pursued by Naver and Nvidia. Naver said Friday that Lee and Flatt met at Naver’s 1784 office in Seongnam, Gyeonggi Province, a day earlier and held follow-up discussions on Naver’s AI Factory project.…
Naver Chairman Lee Hae-jin and Brookfield Asset Management CEO Bruce Flatt met on Friday to discuss a joint AI data center project worth 1 gigawatt, which involves Naver and Nvidia. Lee and Flatt held these discussions at Naver's office in Seongnam, Gyeonggi Province, the previous day. Brookfield, a global alternative asset manager with over $1 trillion in assets under management, committed up to $9 billion to the project's first phase, covering 200 megawatts in July.
Lee expressed his appreciation to Brookfield for supporting Naver's AI Factory vision, stating his hope that the two companies could lead the global AI infrastructure market by leveraging Brookfield's infrastructure investment expertise alongside Naver's AI technologies. In the initial phase, Naver will establish a wholly-owned subsidiary to operate the AI Factory, while Brookfield will create a special purpose vehicle for this purpose.
Written by urgent.news from The Korea Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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