SAN FRANCISCO — Brookfield Asset Management plans to invest up to US$9 billion in AI infrastructure as part of a partnership with Nvidia to expand a data centre in South Korea.

As part of the deal, Nvidia would invest US$1 billion into South Korean internet company Naver Corp., which will fund the remaining amounts to finance the project.

The expanded infrastructure will be built with Nvidia’s DSX platform at Naver’s GAK Sejong hyperscale data centre in Sejong, South Korea.

In a news release, Brookfield touts its AI infrastructure investment platforms as industry-leading, managing approximately US$100 billion of assets such as data centres, semiconductor manufacturing and dedicated power generation.

Sikander Rashid, the private equity firm’s global head of AI infrastructure, says the partnership will combine Brookfield’s global AI infrastructure investment capabilities, Naver’s AI and data centre operating expertise, and Nvidia’s accelerated computing platform to advance the country’s AI capabilities.

Jensen Huang, Nvidia’s founder and CEO, says the trio is “building sovereign AI infrastructure at the scale needed to fuel Korea’s startups and industries.”

This report by The Canadian Press was first published July 27, 2026.

Companies in this story: (TSX:BAM)

The Canadian Press