South Korea Signs $950B Tech Deal, Nvidia Guarantees $25B for OpenAI

South Korean firms secure $950B tech partnership with global giants. Nvidia negotiates $25B guarantees for OpenAI data center, while AMD expands AI research in Seoul.

Woofun AI reports that a South Korean business group has reached an agreement with global technology companies, including Nvidia, to execute cooperation projects valued at $950 billion. Nvidia is reportedly negotiating to provide approximately $25 billion in financial guarantees for the OpenAI Ohio data center project and has launched the NOOA open-source AI alliance on GitHub. AMD plans to establish an AI research center in South Korea to build an open infrastructure ecosystem. Rocket Lab secured a $266 million missile defense contract with the US Space Force. Argenx agreed to acquire Forte Biosciences for $2.2 billion in cash. Apple restored all affected services, including the App Store. Strategy’s Bitcoin holdings remained unchanged for three weeks, with USD reserves rising to $3.75 billion. Bitmine increased its ETH holdings by 9,946 coins, bringing the total to 5.7874 million.

The massive scale of the South Korean tech deal underscores deepening integration between Asian markets and Western AI infrastructure providers. Nvidia’s dual move into open-source standards and large-scale financial guarantees signals a shift toward securing both software development and physical compute capacity for major AI entities. While Strategy’s pause in Bitcoin accumulation suggests short-term capital preservation, Bitmine’s continued ETH accumulation indicates sustained institutional interest in Ethereum as a reserve asset.