Naver AI Factory teams up with Nvidia and Brookfield to secure GPUs and spread financial burden

Naver disclosed the contract structure for the first 200MW phase of its planned 1GW AI Factory.

Nvidia will make a $1 billion equity investment to help stabilize GPU supply, while Brookfield will fund an SPV with up to $9 billion to procure and hold GPUs and data center equipment.

Naver plans to receive computing resources from the SPV through an operating company and pay usage fees, reducing upfront capital needs.

The setup is a notable model for securing GPUs and balancing financing pressure in large-scale AI infrastructure buildouts.