Naver's AI Data Centers Could Generate New, Sizable Revenue Streams
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Yesterday
0827 GMT - South Korean internet giant Naver's expanding artificial-intelligence data centers could generate new, sizable revenue streams by renting AI computing power to clients, Mirae Asset Securities' Lim Hee-seok says. Revenue from Naver's "GPU-as-a-Service" business, which allows companies to rent access to powerful AI chips, could rise from 1.2 trillion won in 2027 to 10.5 trillion won in 2030 and 18.5 trillion won in 2032, the analyst writes. Lim expects the company's AI data centers to begin operating with an initial capacity of 55 megawatts in 1H 2027, expanding to 100 MW by end-2027, 200 MW in 2028, 600 MW in 2030 and 1 gigawatt in 2032. Operating profit margins for Naver's AI data-center business could widen from 3% in 2027 to 8% in 2030 and 18% in 2032, he adds.
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