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27/11/25 08:06 UTC-04

The Naver conglomerate and the owner of the Upbit exchange are investing $6.8 billion in AI and blockchain

The South Korean IT conglomerate Naver and Dunamu, the owner of the Upbit exchange, will invest $6.8 billion in artificial intelligence and blockchain.

The management of the companies plans to spend these funds on building a next-generation financial infrastructure based on artificial intelligence and blockchain technologies, which will become a global platform for payments and transaction settlement.

The organizations decided to invest a large sum into the implementation of this new project despite concerns about a potential bubble forming in the stock market of AI-related companies. The strong rise in the stock prices of businesses connected to artificial intelligence indicates such a bubble. For example, the value of assets of Alphabet, the owner of Google, has doubled over the past seven months. Alphabet CEO Sundar Pichai believes that nearly every company will feel the consequences when this bubble bursts.

Employees of Naver and Dunamu may also face problems due to the hack of the Upbit exchange on November 27. It is known that the hacker managed to steal digital assets issued on the Solana (SOL) network, worth $30.3 million, from the exchange’s crypto wallet.

This news is a worrying signal given that Naver employees recently agreed to acquire the trading platform through a stock swap. It is quite possible that Upbit’s valuation will decline as a result of the cyberattack.

See also: "Metaplanet’s Bitcoin Purchases Bring the Company Unexpected Benefits"

#Naver #Upbit #Investment #AI

Editor: Yuliya Soroka
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