Singapore-headquartered data center service provider Yovole International and China-based Fortera Capital asset management firm have jointly agreed to invest over S$ 10 billion (about US$ 8 billion) over the next five to 10 years to scale artificial intelligence on an industrial scale across Asia Pacific, the firms announced today in a joint statement. The companies aim to invest in AI infrastructure including AI data centers, frontier core technologies, key industrial applications, and innovation ecosystems, to promote the Asia-Pacific region as an AI innovation hub with Singapore positioned as the joint headquarters overseeing global operations and investment decisions.
The collaboration will leverage on both capital and technology to nurture the next generation of AI enterprises, and facilitate the commercialization and large-scale implementation of advanced technologies based out of Singapore, the statement added. The key focus is on energy, chips and compute, AI Data Centers (AIDC), models, and applications.
Yovole International operates over 500 MW of critical power capacity and manages more than 300,000 square meters of data center space in China, and is actively expanding in Singapore, Indonesia, Japan, Europe, and the United States. Fortera Capital manages CNY 40 billion (USD6 billion) of assets and has invested in top unicorns with a combined value exceeding S$120 billion.
At the closed-door meeting themed “TOKEN ERA: Smart Scheduling, Infinite Computing”, an alliance called Token Industry Alliance was formed among top firms in the industry to increase operational efficiency through improvements in indicators like “Token per Watt” and “Time to Token. The alliance comprises Yovole International, Fortera Capital, Red Dot Analytics, Infrwaves, StepFun, DaoCloud, Bank of China Singapore branch, CES (Singapore), APEC SME Center for IT Promotion, Yincubator, SuperX Digital Power (‘SuperX’), Zenlayer, Aqua (Japan), and MGX.
According to the statement, the alliance marked the beginning of a “coordinated operations” era for the Asia-Pacific computing power industry, aiming to turn Singapore into a world-leading source for the computing economy through cross-regional resource scheduling and technical standards.
The meeting brought together Fellows of the Academy of Engineering Singapore, AIDC operators, network operators, AI industry chain partners, energy experts, and the media.
At the meeting, Professor Wen Yonggang, Fellow of the Academy of Engineering Singapore and President’s Chair Professor at Nanyang Technological University (NTU), predicted that by 2026, global digital competitiveness would shift from simple scale to the efficient scheduling and green transformation of computing resources. He proposed space-based computing as the solution for Singapore to overcome its energy and space constraints.
“Space is not the end of computing power, but the infinite starting point for green computing,” Wen said.