- 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 agreed to invest $1 billion in Naver to support an AI data center being developed with Brookfield.
- 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 AI agreements, reflecting its commitment to expanding its influence in the global computing ecosystem. A significant partnership with SK Group aims to develop more than 2 gigawatts of AI data centers on the Korean Peninsula, which will provide enough electricity to power 1.5 million homes.123
This collaboration is projected to generate over $500 billion in business between NVIDIA and SK Group. Additionally, NVIDIA has committed $1 billion to Naver, a South Korean internet and cloud services provider, to support an AI data center being developed with Brookfield, a U.S. private equity firm.4
Furthermore, NVIDIA is considering 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. Despite these ambitious plans, NVIDIA shares saw a decline of 5.3% to $195.92 in New York trading on Monday, indicating market volatility amidst its expansive growth strategy.5
“NVIDIA's partnership with SK Group is projected to generate more than $500 billion in business, focusing on developing over 2 gigawatts of AI data centers in Korea. Additionally, NVIDIA has committed $1 billion to Naver for an AI data center project in collaboration with Brookfield.”
Yahoo Finance
