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USD.AI plans to form a joint venture with BSQ Capital Partners to provide financing for AI computing in the Asia-Pacific region.

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ME AI News, USD.AI tweeted that it is forming a joint venture with BSQ Capital Partners to provide financing for AI computing in the Asia-Pacific region. The initial goal 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 investment manager, responsible for originating and managing transactions in key Asia-Pacific markets, including but not limited to Australia, Japan, South Korea, Southeast Asia, and India. USD.AI will provide financing capital and leverage its programmatic underwriting platform and technology to convert high-performance computing hardware into financeable collateral. (Source: Foresight News)
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