Naver seals $9b Brookfield deal to finance AI factory

Naver has finalized a deal with US-based global asset manager Brookfield to secure up to $9 billion in artificial intelligence computing infrastructure, putting a formal financing structure in place for its $10 billion AI factory project with Nvidia. Naver disclosed the agreement in a regulatory filing Tuesday, following its decision in July to name Brookfield its exclusive preferred negotiating partner for a 12-week period. Under the deal, Brookfield will establish a special-purpose vehicle, te

Source: The Korea Herald