Naver founder, Brookfield chief meet for follow-up talks on AI factory
SEOUL, Sept. 4 (Yonhap) -- Lee Hae-jin, the founder and chairman of Naver Corp.,...
On September 4, Lee Hae-jin, the founder and chairman of Naver Corp., met with Bruce Flatt, the CEO of Brookfield Corp., at Naver's headquarters in Seongnam, South Korea. They discussed advancing a project aimed at building a 1 gigawatt capacity AI factory, as reported by the South Korean IT company. The two executives expressed appreciation for each other and vowed to strengthen their ties concerning Naver's expansion of AI-related infrastructure, according to Naver.
Under the AI factory project, Brookfield agreed to invest up to $9 billion in the first phase, which would have a 200 megawatt capacity. This investment would be made through a special purpose entity. Additionally, U.S. chip giant Nvidia Corp. is participating in the project by acquiring common shares in Naver.
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- Naver chairman meets Brookfield CEO, discusses AI data center business koreatimes.co.kr
- Naver, Brookfield accelerate $9b AI factory in Korea techinasia.com
