As part of the agreement, chipmaker Nvidia will contribute US$1 billion to expand South Korean internet company Naver’s GAK Sejong hyperscale data centre. The companies aim to expand the facility from 55 to 200 megawatts by 2028, with Naver eventually targeting one gigawatt of AI infrastructure. (The Logic)

Talking point: The expanded facility will be accessible to U.S. and Korean customers needing AI compute. It’s part of South Korea’s push to ramp up AI computing capacity, with the government and companies including Samsung, SK Group and Hyundai having committed billions to new infrastructure. For Brookfield and Nvidia, the deal falls under a broader partnership to finance and develop large-scale AI infrastructure around the world. It adds to Brookfield’s growing AI infrastructure business spanning data centres, chips and power generation, with about US$100 billion in assets under management across the AI value chain.