Naver's Global Investment Officer (GIO), Hae-jin Lee, recently met with Nvidia CEO Jensen Huang to discuss a partnership focused on combining AI software and hardware. The meeting centered around the concept of sovereign AI, which emphasizes a nation's unique history and culture. Naver, a leading South Korean technology company, is heavily investing in generative artificial intelligence (AI) and aims to secure a prominent position in the AI ecosystem. Naver possesses core technology that enables the development of large-scale AI models based on languages other than English and Chinese. By partnering with Nvidia, Naver is expected to become the sole AI company in Korea. This collaboration has the potential to drive significant advancements in AI technology by leveraging Naver's data assets and Nvidia's hardware capabilities. The partnership may also involve other major players in the industry, such as TSMC and SK Hynix. [8269c968]