Brookfield Asset Management Ltd. 8-K

Summary

Planned AI infrastructure investment and expansion with NAVER and NVIDIA. The partners plan to scale NAVER’s GAK Sejong AI factory in South Korea from 55 megawatts to 200 megawatts by 2028, using NVIDIA’s DSX platform. NVIDIA plans to invest $1 billion in NAVER Corp., Brookfield plans to fund up to $9 billion for AI infrastructure, and NAVER will fund the remaining project costs; NVIDIA’s investment is subject to customary closing conditions.

Key Figures

• Planned capacity: 200 megawatts by 2028, up from the initial 55-megawatt buildout.
• Planned funding: NVIDIA investment of $1 billion in NAVER Corp.; Brookfield funding of up to $9 billion for AI infrastructure; NAVER to fund the remaining amounts.
• NAVER also intends to pursue sovereign AI infrastructure at gigawatt scale.

Investor Takeaways

• Watch for completion of the planned expansion to 200 megawatts by 2028.
• The stated longer-term ambition is gigawatt-scale capacity; progress beyond the 200-megawatt project will indicate whether that plan advances.