Alset AI strikes deal with CHIP Datacentres to accelerate AI infrastructure expansion

Alset AI Ventures (OTCPK:GPUSF) has entered into a strategic alliance partnership with CHIP Datacentres, a developer of high-performance, AI-ready data centers, through the execution of a memorandum of understanding dated August 25.

Under the MOU, Alset AI will partner with CHIP to support the commercial deployment of AI infrastructure while serving as a value-added channel through its cloud compute platform, Lyken.AI.

As part of the alliance, Alset AI has made a strategic investment into CHIP's Waterloo-based data center, currently building out power capacity of approximately 2MW in the initial build-out.