Ryde signs $278M MOU with Dimension AI to explore AI computing platform

The Singapore mobility firm's non-binding deal sketches a GPU-as-a-Service build, but nothing is locked in yet A ride-hailing and quick commerce company wants a piece of the AI infrastructure boom. Ryde Group Ltd, the Singapore-based platform listed on NYSE American under the ticker RYDE, has signed a memorandum of understanding with Dimension AI Pte. Ltd. to explore building a GPU-as-a-Service platform. The headline number is up to US$278 million. That figure comes with a long list of caveats attached, and those caveats matter as much as the number itself. What Ryde and Dimension AI actually agreed to The two companies signed the MOU on November 5, 2026. Both are based in Singapore. Dimension AI describes itself as an AI infrastructure firm, while Ryde built its business on mobility and fast delivery. The agreement is non-binding. It sets out a framework for the two sides to explore a potential GPU-as-a-Service, or GPUaaS, platform together. The US$278 million figure is Dimension AI’s preliminary estimate. It reflects the total capital the firm believes would be needed to set up such a platform over an initial three-year period. That number is a cost estimate, not a revenue foreca...