POSCO, GS team up to explore overseas AI data center projects

POSCO and GS Group, two major South Korean conglomerates, said Wednesday they will explore opportunities to collaborate on artificial intelligence (AI) data center projects overseas. The two companies have signed a memorandum of understanding (MOU) to leverage POSCO's high-quality steel products and technological solutions and GS' expertise in data center construction and operations, with the aim of pursuing overseas projects, the companies said in a joint press release. The companies said their established global business networks would also help them secure opportunities in international AI infrastructure projects. "Surging demand for AI data centers will serve as a new growth engine for POSCO, as related projects are expected to boost demand for next-generation steel solutions," a POSCO official said.