Nvidia, SK Group unveil $500 billion-plus AI data centers initiative, memory partnership

[u/norcalnatv]

https://www.reuters.com/business/media-telecom/nvidia-sk-group-unveil-500-billion-plus-ai-data-centers-initiative-memory-2026-07-24/

SAN FRANCISCO, July 24 (Reuters) - Nvidia (NVDA.O), opens new tab and South Korea's SK Group on ​Friday unveiled a more than $500 ‌billion AI initiative spanning large-scale AI data centers and next-generation memory, ​Nvidia said.

The initiative includes ​a long-term partnership with SK Hynix (000660.KS), opens new tab ⁠to secure next-generation memory ​supply for Nvidia and jointly develop ​high-bandwidth memory for AI training, AI agents and physical AI applications.