Nvidia and SK Group Form $500 Billion AI Partnership; New Factories Planned
Nvidia and SK Group have announced a partnership exceeding $500 billion, focusing on AI infrastructure and memory chips. The initial AI factory is set to start operations in 2027, addressing the growing demand for computational power.
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Nvidia and SK Group have signed a partnership valued at over $500 billion aimed at bolstering AI infrastructure, which includes plans for AI factories starting in 2027. A key element is the establishment of a 2-Gigawatt facility by SK Telecom utilizing Nvidia's Vera-Rubin-DSX platform.
Concurrently, Nvidia and SK Hynix will collaborate on developing next-gen AI memory, addressing a significant bottleneck in the industry. Additionally, Nvidia's investment of $5 billion in the start-up Safe Superintelligence reinforces its strategy to secure demand for future chip generations.
Insider sales amounting to approximately $767.2 million have raised concerns, although they are not necessarily indicative of negative business trends. Nvidia's stock closed at 193.68 Euros, indicating a 2.03% increase.
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