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Vesl AI partners with Korea Investment & Securities on GPU financing to expand infrastructure

Vesl AI said on Oct. 15 it signed a memorandum of understanding with Korea Investment & Securities on graphic processing unit, or GPU, financing. Under the deal, Korea Investment & Securities will support expanded investment and fundraising needed for GPU infrastructure projects, while Vesl AI will cooperate in pushing the business based on its experience operating a GPU cloud platform. The investment structure and size will be decided through project-by-project talks.