USD.AI plans to form a joint venture with BSQ Capital Partners to provide financing for AI computing in the Asia-Pacific region.
Foresight News reported that USD.AI announced it is forming a joint venture with BSQ Capital Partners, aimed at financing AI computing in the Asia-Pacific region. The initial target of the joint venture is to provide $300 million in GPU-backed financing, with plans to gradually expand to $1 billion as performance milestones are achieved.
According to the cooperation agreement, BSQ Capital Partners will act as the investment manager, responsible for initiating and managing transactions in major Asia-Pacific markets, including but not limited to Australia, Japan, South Korea, Southeast Asia, and India. USD.AI will provide the financing and leverage its programmatic underwriting platform and technology to convert high-performance computing hardware into financeable collateral.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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