Background on Key Players
Nvidia: A leading American technology company specializing in graphics processing units (GPUs) and artificial intelligence (AI) technologies.
Jensen Huang: Nvidia’s CEO, who recently met with South Korean President Lee Jae Myung to discuss AI infrastructure expansion.
South Korea: Home to two major global chip manufacturers, Samsung Electronics and SK hynix, which produce essential chips for AI and data centers.
President Lee Jae Myung: South Korea’s president aiming to establish his country as an AI powerhouse.
Key Developments
Nvidia announced on Friday that it will supply 260,000 of its most advanced chips to South Korea following a meeting between CEO Jensen Huang and President Lee Jae Myung on the sidelines of the APEC summit in Gyeongju.
- Nvidia will work with South Korea to expand its AI infrastructure using over a quarter-million Nvidia GPUs in their sovereign clouds and AI factories.
- 50,000 chips will go to Samsung Electronics’ new “AI factory.”
- 50,000 chips will be allocated to SK Group.
- 50,000 chips will be directed to Hyundai Motor.
- NAVER Cloud, South Korea’s primary search engine, will receive 60,000 chips to bolster its AI infrastructure.
- The remaining 50,000 chips will be distributed to the National AI Computing Center, cloud services, and IT technology providers across South Korea.
Nvidia and Hyundai to Form $3 Billion AI Joint Venture
Nvidia, the American chip manufacturer, and Hyundai Motor Group, the South Korean automaker, plan to invest $3 billion in a joint AI venture focused on physical AI, according to South Korea’s presidential office.
Key Questions and Answers
- Who is Nvidia? Nvidia is a prominent American technology company known for its graphics processing units (GPUs) and artificial intelligence (AI) technologies.
- Why is this deal significant? This agreement will bolster South Korea’s AI infrastructure by providing advanced chips to key companies like Samsung Electronics, Hyundai Motor, SK Group, and NAVER Cloud.
- What is the proposed joint venture between Nvidia and Hyundai? Nvidia and Hyundai plan to invest $3 billion in a joint AI venture focused on developing physical AI technologies.
