A post by @FirstSquawk on X.

Ryde has signed a memorandum of understanding with Dimension AI to explore building an AI computing platform, with preliminary capital expenditure of up to $278 million. The deal marks the token-linked company's major push into AI infrastructure, tying its fortunes to demand for compute capacity. The MOU is non-binding, so the $278 million figure represents planned spending rather than committed capital. Watch for a definitive agreement and details on funding sources, since the scale of the outlay is large relative to Ryde's profile.