Naver clinches $1.5 bil. AI computing deal with US firm
Naver has signed a 2 trillion-won ($1.5 billion) computing services supply contract with a U.S. artificial intelligence (AI) inference company, securing an initial customer for its AI infrastructure business ahead of the commercial launch planned in the first half of next year. “This is a meaningful contract that confirms actual market demand and the initial commercial viability of the AI factory…
Naver, a leading South Korean internet company, has secured a significant $1.5 billion contract for AI computing services with an American AI inference firm. This deal marks a crucial milestone for Naver's AI infrastructure business, which is set to launch commercially in the first half of next year. CEO Choi Soo-yeon expressed optimism about the contract, stating that it validates the market demand and the commercial viability of Naver's AI factory business.
The term "AI factory" refers to Nvidia's next-generation data centers that generate tokens. The contract specifically covers computing services involving advanced graphics processing units (GPUs), with the first supplies expected in 2027. Naver is collaborating with Canadian asset manager Brookfield and U.S. chipmaker Nvidia on this venture.
The company aims to expand its AI factory capacity from an initial 55 megawatts in 2024 to 200 megawatts by 2028.
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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