Ryde Signs MOU to Explore GPU-as-a-Service Collaboration With Dimension AI

10:47 AM EST, 11/05/2026 (MT Newswires) -- Ryde (RYDE) signed a memorandum of understanding with Singapore-based Dimension AI to explore a potential three-year GPU-as-a-Service collaboration valued at up to $278 million, the company said Thursday. The proposed platform would provide GPU capacity to enterprise AI customers, with the estimated value reflecting the preliminary total capital cost of the proposed platform, rather than contracted revenue or guaranteed commitments for Ryde. The collaboration remains subject to further discussions and definitive agreements, the company added. Ryde shares were up 5% in Thursday trading. Price: 0.75, Change: +0.05, Percent Change: +7.14