Naver has signed the $9 billion artificial intelligence (AI) factory computing infrastructure contract it had been pursuing with global alternative asset manager Brookfield and finalized the specific business structure.
In an amended disclosure of its "future business and management plan" on the 27th, Naver said the signing of the computing infrastructure contract had been completed. The $9 billion computing service infrastructure needed to build the AI factory will be set up by 'Asset Co (tentative name),' an asset-holding company established by a special-purpose vehicle of the Brookfield AI Infrastructure Fund.