Nvidia to make $1 billion investment in Naver next week

What happened: Nvidia is scheduled to complete a $1 billion investment in Naver next Friday, per Naver's regulatory filing. The move will make Nvidia the third-largest shareholder of the South Korean IT firm. Key numbers: $1 billion investment; at least $9 billion in computing infrastructure secured by Naver; national pension fund holds 9.49 percent, BlackRock 7.31 percent; share count fixed via rights offering on Why it matters: The investment is part of a strategic partnership announced in July between Naver and Nvidia to establish a massive, global artificial intelligence factory. Coverage: 3 outlets in 24h

Nvidia is scheduled to complete a $1 billion investment in Naver next Friday, per Naver's regulatory filing. The move will make Nvidia the third-largest shareholder of the South Korean IT firm.

The investment is part of a strategic partnership announced in July between Naver and Nvidia to establish a massive, global artificial intelligence factory.