SK Data Center Arm in Talks to Fund $350 Billion AI Buildout

EXCLUSIVE AI SK Data Center Arm in Talks to Fund $350 Billion AI Buildout SK Hyper Co. is in talks with big tech firms and financial investors to secure funding for an envisioned $350 billion data center buildout, joining a global rush to roll out AI infrastructure despite concerns about future demand. The SK Group’s fledgling data center arm has begun discussions with potential partners to help finance a plan to build 15 gigawatts of data center capacity in South Korea by 2035, said Chung Suk-geun, SK Hyper’s chief executive officer. The first 5-gigawatt phase alone would require $350 billion including equipment, he told Bloomberg Television.