- NVIDIA is pursuing more than $750 billion of new and potential AI agreements as the company accelerates its investments across the global computing ecosystem.
- A partnership with SK Group is expected to generate more than $500 billion of business between the two companies.
- Under the SK Group agreement, the companies plan to develop more than 2 gigawatts of AI data centers on the Korean Peninsula, enough to power 1.5 million homes.
- NVIDIA is considering a guarantee of up to $250 billion to help OpenAI lease a proposed $500 billion, 10-gigawatt data center hub in Ohio.
- NVIDIA shares declined as much as 5.3% to $195.92 in New York trading on Monday.
Nvidia is aggressively pursuing over $750 billion in new AI agreements as it seeks to expand its influence in the global computing landscape. This includes a significant $1 billion investment in Naver, a South Korean internet and cloud services provider, aimed at supporting an AI data center project in collaboration with Brookfield, a U.S. private equity firm.1
In addition to its investment in Naver, Nvidia has partnered with SK Group to develop more than 2 gigawatts of AI data centers on the Korean Peninsula, which could provide enough electricity to power 1.5 million homes. This partnership is projected to generate over $500 billion in business between the two companies, showcasing Nvidia's commitment to enhancing its AI infrastructure.234
Furthermore, Nvidia is contemplating a guarantee of up to $250 billion to assist OpenAI in leasing a proposed $500 billion, 10-gigawatt data center hub being developed in Ohio by a subsidiary of SoftBank Group. This move underscores Nvidia's strategic focus on AI and its potential to reshape the computing ecosystem.
Despite these ambitious plans, Nvidia shares saw a decline of 5.3% to $195.92 in New York trading on Monday, reflecting market reactions to its expansive investment strategy.5
“NVIDIA is also considering a guarantee of up to $250 billion to assist OpenAI in leasing a proposed $500 billion, 10-gigawatt data center hub in Ohio. Additionally, a partnership with SK Group is expected to generate over $500 billion in business, with plans to develop more than 2 gigawatts of AI data centers on the Korean Peninsula.”
Yahoo Finance
