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2 clusters · 13 sources · 5 days · First seen · Last updated

Naver AI infrastructure and financial developments

Overview

Naver has entered a 9 billion dollar agreement with asset manager Brookfield to secure artificial intelligence computing infrastructure. Through a special purpose vehicle, Brookfield will acquire GPUs and data centers to supply computing power to Naver Cloud. This deal serves as a prerequisite for a 1 billion dollar strategic investment by Nvidia, which is expected to become Naver’s third-largest shareholder. The partnership is part of a larger 10 billion dollar global AI factory initiative.

Following these infrastructure developments, Naver’s third-quarter financial outlook shows record revenue of approximately 3.51 trillion won, a 12 percent year-on-year increase. However, operating profit is projected to decline by about 13 percent to 497.6 billion won, which is attributed to rising costs for AI infrastructure, marketing, and sports content.

Entities

Naver · Lee Hae-jin · Naver Cloud · Asset Co. · Nvidia

Timeline

  1. [BUSINESS] 2 sources
    Naver and Kakao face divergent Q3 earnings outlooks

    Naver expects record Q3 revenue despite falling profits due to AI costs, while Kakao anticipates higher profits through cost efficiency amid slowing revenue.

  2. [BUSINESS] 13 sources
    Naver secures $9 billion AI computing infrastructure deal with Brookfield

    Naver signed a $9 billion deal with Brookfield for AI infrastructure, clearing the way for a $1 billion strategic investment from Nvidia to bolster its global AI factory ambitions.

Sources

biz-journal.jp · biz.heraldcorp.com · byline.network · drweb.de · fool.ca · genk.vn · japan.zdnet.com · linkmagazine.nl · mingtiandi.com · namdonews.com · sisajournal.com · technologies.org · zdnet.co.kr