Nvidia and SK Group announce $500 billion AI data center initiative

The tech giants are teaming up on a massive infrastructure project and memory chip partnership.

Reported60 sec read

Img IX mining rig inside white and gray room

Jul 24: Nvidia and SK Group announce $500 billion AI data center initiative

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What happened

Nvidia and South Korea's SK Group announced a joint AI data center initiative valued at over $500 billion. The deal includes a strategic partnership for specialized memory chips. Details on exact timelines and locations remain thin in early reports.

The context

Leading AI models require huge clusters of graphic processors linked to high-bandwidth memory chips. SK Group's chipmaking arm is already a core supplier for Nvidia. Securing memory supply at this scale helps safeguard the hardware pipeline required to train larger AI models.

Sources

Reuters ↗ via Google News Reported

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