AI NewsWaveVESSL AI Signs GPU Financing Deal With Korea Investment & Securities to Fund Infrastructure
Key points
- VESSL AI and Korea Investment & Securities sign GPU financing MOU
- Cooperation on expanded investment and fundraising
- Investment structure to be set project by project
GPU cloud company VESSL AI said on the 16th that it signed a memorandum of understanding (MOU) on "GPU financing" with Korea Investment & Securities to expand GPU infrastructure. TechM explained that the agreement was signed the day before.
Under the agreement, Korea Investment & Securities will support expanding the investment needed for GPU infrastructure projects and raising funds, while VESSL AI will support the work needed to carry out the projects. VentureSquare reported that the two companies plan to review the investment structure and prepare financing plans for each project. According to TechM, the specific investment structure and size will be decided through project-by-project discussions.
Platum pointed out that a cloud business that buys and rents out GPUs needs a large amount of money up front when acquiring equipment, and explained that this is a structure in which the funds are raised together with a securities firm.
VESSL AI also unveiled a mid- to long-term roadmap on the 15th, the day before. According to Datanet and VentureSquare, the plan is to secure 200,000 GPUs by 2030 and set up AI data center hubs in eight locations nationwide. On timing for the hubs, Datanet said by next year and VentureSquare said by 2028. Digital Daily reported that of the total, 150,000 GPUs would be built directly, and that the company is pursuing 400 billion won in GPU financing.