Vessl AI and Korea Investment & Securities Sign GPU Financing MOU, Accelerate AI Infrastructure Expansion
IT DAILY ·
✦ AI Summary
Vessl AI announced on the 15th that it had signed a GPU Financing business agreement (MOU) with Korea Investment & Securities.
The purpose of the agreement is to expand GPU infrastructure, and it is structured so that financial procurement capabilities and cloud operations capabilities are separately assigned in GPU infrastructure build projects that require large initial capital.
Korea Investment & Securities will support funding for project execution and help expand the scale of investment, while Vessl AI will support overall business execution based on its own GPU cloud platform operations technology and know-how.
Vessl AI announced on the 15th that it had signed a GPU Financing business agreement (MOU) with Korea Investment & Securities. The purpose of the agreement is to expand GPU infrastructure.
Under the agreement, the two companies will divide responsibilities for the elements needed for GPU infrastructure build projects that require large initial capital. They plan to combine financial procurement capabilities and cloud operations capabilities in GPU infrastructure build-out.
Korea Investment & Securities will support funding for project execution and help expand the scale of investment, while Vessl AI will support overall business execution based on its own GPU cloud platform operations technology and know-how. Through this, the two companies aim to further strengthen the foundation of their neocloud business.
Korea Investment & Securities CEO is Kim Seong-hwan. The photo shows Vessl AI CFO Im Eun-cheon and CEO Ahn Jae-man, along with Korea Investment & Securities PF Group Executive Director Bang Chang-jin and Managing Director Ahn Seong-jin. The specific investment structure and financing scale will be finalized after future project-by-project discussions.
GPU-centered AI computing infrastructure requires massive capital expenditures, and securing a stable financing structure suited to it is considered a key factor in determining business success. Against this backdrop, Vessl AI has moved to connect large-scale infrastructure operations capabilities with financial capabilities through this agreement.
Vessl AI has large-scale infrastructure operations capabilities, and institutional financial support is expected to be linked through this agreement. As a result, the company expects to accelerate the pace of business expansion. Bang Chang-jin, executive director of Korea Investment & Securities' PF Group, described GPU-based AI computing infrastructure as a new core alternative investment area in the global financial market and said the company plans to concretize financial cooperation with Vessl AI based on Korea Investment & Securities' structured finance capabilities and capital market know-how.
Bang Chang-jin, executive director of Korea Investment & Securities' PF Group, also expressed his intention to contribute to the growth of the domestic AI infrastructure ecosystem. Vessl AI CEO Ahn Jae-man said that the combination of a solid funding structure and stable operational technology is a condition for GPU infrastructure competitiveness, and stated that the company would pursue cooperation with Korea Investment & Securities. He also said the company would respond agilely to surging demand from global AI customers.
Following its GPU infrastructure collaboration with SK Telecom, Vessl AI is rapidly expanding its neocloud business by signing a contract to supply 128 NVIDIA B200 units to SK Bioscience, and the supply deal consists of 128 units and 16 nodes. More recently, the company signed an MOU with Neo AI Cloud and is continuing its expansion momentum by pursuing cooperation on a GPU platform project inside the Pohang AI data center.
Source: IT DAILY · Kwon Young-seok
Original: https://www.itdaily.kr/news/articleView.html?idxno=242252
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Source: IT DAILY
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