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Home Press Release Accesswire

Ryde Signs Strategic MOU with Dimension AI to Explore US$278 Million Three-Year GPU-as-a-Service Collaboration

November 5, 2026
in Accesswire, Artificial Intelligence
Reading Time: 8 mins read
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P oposed collabo atio suppo ts Ryde’s expa sio i to AI computi g se vices a d high-pe fo ma ce digital i f ast uctu e

SINGAPORE, SG / ACCESS Newswi e / Novembe 5, 2026 / Ryde G oup Ltd (NYSE Ame ica :RYDE) (“Ryde” o the “Compa y”), a leadi g tech ology platfo m fo mobility a d quick comme ce headqua te ed i Si gapo e, today a ou ced that it has sig ed a Memo a dum of U de sta di g (“MOU”) with Dime sio AI Pte. Ltd. (“Dime sio AI”), a Si gapo e-headqua te ed AI i f ast uctu e compa y, to to explo e a p oposed GPU-as-aSe vice (“GPUaaS”) collabo atio with a i dicative agg egate value of up to US$278 millio , bei g Dime sio AI’s p elimi a y estimate of the total capital cost of the p oposed platfo m, subject to defi itive ag eeme ts a d othe applicable co ditio s.

The pa ties i te d that the platfo m would p ovide GPUaaS capacity ove a i itial th ee-yea pe iod, which does ot ep ese t a ag eed comme cial te m u de the MOU. The i dicative value ep ese ts a p elimi a y estimate of pote tial agg egate p oject activity a d does ot co stitute co t acted eve ue, gua a teed custome commitme ts o eve ue att ibutable to Ryde. The actual comme cial st uctu e, fi a cial a a geme ts a d scope of the collabo atio emai subject to fu the assessme t a d defi itive ag eeme ts.

The MOU p ovides a f amewo k fo the pa ties to evaluate oppo tu ities combi i g Ryde’s comme cial capabilities a d egio al elatio ships with Dime sio AI’s expe tise i AI facto y developme t, GPU cloud i f ast uctu e a d tech ical ope atio s. Specific comme cial te ms, scope, fi a ci g a d impleme tatio a a geme ts emai subject to fu the discussio s a d defi itive docume tatio .

Explo i g Oppo tu ities i AI Computi gThe MOU alig s with Ryde’s b oade Ryde 2.0 st ategy to evaluate tech ology-d ive oppo tu ities alo gside its established mobility a d quick comme ce busi esses. The pa ties i te d to assess the comme cial viability of the p oposed GPUaaS i itiative a d pote tial se vices fo e te p ise custome s a d othe o ga isatio s adopti g AI tech ologies.

“This MOU is a step fo wa d i explo i g ew oppo tu ities i AI computi g i f ast uctu e,” said a spokespe so of Ryde. “By wo ki g with Dime sio AI, we aim to evaluate how ou comme cial capabilities ca compleme t specialised AI i f ast uctu e expe tise to c eate pote tial lo g-te m busi ess oppo tu ities.”

“We a e pleased to e te i to this MOU with Ryde to explo e a pote tial GPU-as-a-Se vice collabo atio ,” said Lio el Peh, Di ecto of Dime sio AI. “Dime sio AI b i gs capabilities ac oss AI i f ast uctu e desig , deployme t a d ope atio s. We look fo wa d to evaluati g a scalable app oach that ca suppo t g owi g e te p ise dema d fo AI computi g capacity.”

About Ryde G oup Ltd

Ryde is a supe mobility app fou ded i Si gapo e a d ecog ised as the wo ld’s FIRST o -dema d ca pooli g app si ce 2014. As a publicly listed compa y o the NYSE Ame ica , Ryde is eimagi i g the way people a d goods move a ou d by offe i g a full suite of se vices, i cludi g ca pooli g, p ivate hi e, taxi, a d delive y. What disti guishes Ryde is its commitme t to empowe i g p ivate-hi e a d taxi pa t e s by taki g 0% commissio , e su i g that d ive s etai mo e of thei ha d-ea ed ea i gs. Fo mo e i fo matio , please visit https:// ydesha i g.com/.

About Dime sio AI Pte. Ltd.

Dime sio AI Pte. Ltd. is a Si gapo e-headqua te ed AI i f ast uctu e compa y that develops, ow s a d ope ates hype scale AI facto ies. Its i teg ated offe i gs spa AI facto y developme t, GPU cloud i f ast uctu e, ma aged AI ope atio s, i f ast uctu e fi a ci g a d lifecycle optimisatio . Th ough scalable AI-as-a-Se vice models a d st ategic pa t e ships, Dime sio AI e ables o ga isatio s to access secu e, high-pe fo ma ce computi g i f ast uctu e a d accele ate AI deployme t.

Safe Ha bo Stateme t

This p ess elease co tai s fo wa d-looki g stateme ts. I additio , f om time to time, we o ou ep ese tatives may make fo wa d-looki g stateme ts o ally o i w iti g. We base these fo wa d-looki g stateme ts o ou expectatio s a d p ojectio s about futu e eve ts, which we de ive f om the i fo matio cu e tly available to us. Such fo wa d-looki g stateme ts elate to futu e eve ts o ou futu e pe fo ma ce, i cludi g: ou fi a cial pe fo ma ce a d p ojectio s; ou g owth i eve ue a d ea i gs; a d ou busi ess p ospects a d oppo tu ities. You ca ide tify fo wa d-looki g stateme ts by those that a e ot histo ical i atu e, pa ticula ly those that use te mi ology such as “may,” “should,” “expects,” “a ticipates,” “co templates,” “estimates,” “believes,” “pla s,” “p ojected,” “p edicts,” “pote tial,” o “hopes” o the egative of these o simila te ms. I evaluati g these fo wa d-looki g stateme ts, you should co side va ious facto s, i cludi g: ou ability to cha ge the di ectio of the Compa y; ou ability to keep pace with ew tech ology a d cha gi g ma ket eeds; a d the competitive e vi o me t of ou busi ess. These a d othe facto s may cause ou actual esults to diffe mate ially f om a y fo wa d-looki g stateme t.

Fo wa d-looki g stateme ts a e o ly p edictio s. The fo wa d-looki g eve ts discussed i this p ess elease a d othe stateme ts made f om time to time by us o ou ep ese tatives, may ot occu , a d actual eve ts a d esults may diffe mate ially a d a e subject to isks, u ce tai ties, a d assumptio s about us. We a e ot obligated to publicly update o evise a y fo wa d-looki g stateme t.

Co tacts

Fo Media Relatio s:

Media TeamRyde G oup LtdEmail: media@ ydesha i g.com

Fo I vesto Relatio s:

I vesto Relatio s TeamRyde G oup LtdEmail: i vesto @ ydesha i g.com

SOURCE: Ryde G oup

View the o igi al p ess elease o ACCESS Newswi e

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