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CURRENC Group and ARC Group Jointly Launch $100 Million AI-Focused Infrastructure & Investment Fund
Accelerating AI Data Center, Green Energy, and Computing Power Development with Initial Investment VentureSINGAPORE, March 18, 2025 (GLOBE NEWSWIRE) -- CURRENC Group Inc. (Nasdaq: CURR) (“CURRENC” or the “Company”), a fintech pioneer empowering financial institutions worldwide with artificial intelligence (AI) solutions, today announced its plan to form an AI-focused investment fund in collaboration with ARC Group, a leading global investment bank (“CURR-ARC AI Fund 1” or the “Fund”). As the fir
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[{"type":"text","content":"Accelerating AI Data Center, Green Energy, and Computing Power Development with Initial Investment Venture","length":106,"tagName":"p"},{"type":"text","content":"SINGAPORE, March 18, 2025 (GLOBE NEWSWIRE) -- CURRENC Group Inc. (Nasdaq: CURR) (“CURRENC” or the “Company”), a fintech pioneer empowering financial institutions worldwide with artificial intelligence (AI) solutions, today announced its plan to form an AI-focused investment fund in collaboration with ARC Group, a leading global investment bank (“CURR-ARC AI Fund 1” or the “Fund”). As the first of a series of initiatives in CURRENC’s strategic AI investment blueprint, CURR-ARC AI Fund 1 aims to raise up to $100 million and will invest in AI data center (AIDC), green energy, and computing power development, driving AI innovation and digital transformation globally.","length":671,"tagName":"p"},{"type":"text","content":"The Fund’s general partner is CURR-ARC GP Limited, a joint venture company owned 80% by CURRENC and 20% by ARC Group.","length":117,"tagName":"p"},{"type":"text","content":"The investment focus of the Fund will be as follows:1. Approximately 80% of the Fund will be dedicated to global investments in AI computing power and green energy infrastructure projects, including the first phase of CURRENC’s planned 500MW hyperscale AIDC in Malaysia.2. Approximately 20% of the Fund will target emerging enterprises in the fields of AI ecosystems, fintech, and AI-driven solutions.","length":403,"tagName":"p"},{"type":"text","content":"The Fund will benefit from the leadership of a seasoned team of technology and finance experts, as well as experienced asset managers and AIDC operators. Together, they will execute the Fund’s investment strategy.","length":213,"tagName":"p"},{"type":"text","content":"“The CURR-ARC AI Fund 1 is a transformative initiative in our strategy to create a robust, sustainable ecosystem that spans AIDCs, green energy, fintech, and AI-driven solutions,” said Alex Kong, Founder and Executive Chairman of CURRENC. “It will allow us to support both established leaders and emerging disruptors across industries, simultaneously fueling innovation in AI and sustainable technology. We’re confident that this investment will enable us to harness AI’s full potential and propel the digital transformation globally, creating substantial value for our stakeholders...