VESSL AI and Korea Investment & Securities Forge Financing Partnership to Expand GPU Infrastructure
TECHWORLD ·
✦ AI Summary
VESSL AI and Korea Investment & Securities have signed a memorandum of understanding (MOU) on GPU Financing.
The agreement is a partnership aimed at establishing a stable funding framework for GPU infrastructure projects that require significant upfront capital.
The two companies will combine VESSL AI's GPU cloud operations capabilities with Korea Investment & Securities' financial expertise to expand the neocloud business.
VESSL AI and Korea Investment & Securities have signed a memorandum of understanding (MOU) on GPU Financing. The agreement is a partnership aimed at establishing a stable funding framework at a time when GPU infrastructure projects require significant upfront capital. GPU infrastructure requires large initial investment for buildout and expansion, and stable financing was identified as a prerequisite for business growth.
The two companies agreed to work together to expand GPU infrastructure. Their cooperation will combine VESSL AI's GPU cloud operations capabilities with Korea Investment & Securities' financial expertise. Their shared goal is to expand the neocloud business.
They also defined their respective roles. Korea Investment & Securities will help expand the scale of investment in GPU infrastructure projects and support financing for those projects. VESSL AI will oversee execution based on its experience operating GPU cloud platforms.
Specific investment structures and amounts will be determined later after discussions for each project. VESSL AI plans to strengthen the foundation for expanding the neocloud business by combining its GPU infrastructure operating capabilities with its financing capabilities.
VESSL AI has been steadily expanding its GPU infrastructure business recently. The company is cooperating with SKT in the GPU infrastructure field and plans to supply SK Biopharm with 16 nodes consisting of 128 Nvidia B200 GPUs. VESSL AI has also signed an MOU with Neo AI Cloud for cooperation on the GPU platform business at Pohang AI Data Center (AIDC).
Against this backdrop, VESSL AI is broadening the scope of its business. In addition to GPU cloud operations, it is expanding into AI data center and infrastructure buildout, and is simultaneously growing its GPUaaS and AI infrastructure buildout businesses.
VESSL AI has Fluid Computing technology that integrates and manages distributed GPU resources around the world. It also operates VESSL Cloud, a GPU cloud platform based on Fluid Computing.
Bang Chang-jin, executive vice president of the PF Group at Korea Investment & Securities, said GPU-centered AI computing infrastructure is emerging as a new investment area in the global financial market. He added that the company will seek a range of financial cooperation measures with VESSL AI based on its strengths in structured finance and capital markets.
Ahn Jae-man, CEO of VESSL AI, said securing both financing capabilities and operational capabilities at the same time is the basis of competitiveness in GPU infrastructure. He also said the company will respond more quickly to demand from global AI customers through its cooperation with Korea Investment & Securities.
Source: TECHWORLD · Kim Seung-gi
Original: https://www.epnc.co.kr/news/articleView.html?idxno=408335
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Source: TECHWORLD
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