Polibeli Group (PLBL) said Thursday it signed a non-binding memorandum of understanding with Thailand-based Authaikam company to evaluate a potential AI computing center project in Thailand.

Under the agreement, The company said they will conduct preliminary work, including information sharing, site visits, land and power assessments, due diligence, and discussions on potential project development.

The proposed project could have up to 100 megawatts of planned power capacity, but Polibeli said it remains in the early evaluation stage and no decision has been made to proceed or commit capital.