FPT, Vietnam’s premier technology firm, has revealed plans to establish a $200 million Artificial Intelligence factory that will leverage Nvidia’s advanced graphics chips and Software.
This initiative marks a significant advancement in Vietnam’s tech sector, with both companies formalizing their cooperation through a strategic partnership.
People over the internet appreciated this move.
As a tech enthusiast, I’m thrilled to see FPT’s commitment to AI technology. This is the kind of forward-thinking that inspires us all! 🌟
— @DeeehAndradee (@DeeehAndradee) April 23, 2024
The new AI factory is part of FPT’s broader strategy to enhance AI research and application development within Vietnam. The focus will be on creating innovative AI solutions and applications, particularly in areas like generative AI and autonomous driving technologies.
FPT Chairman Truong Gia Binh expressed the company’s ambitious vision during a press event, stating,
This partnership reflects Nvidia’s continued commitment to fostering technological growth worldwide. Nvidia CEO Jensen Huang had previously highlighted the company’s plans to deepen ties with Vietnam’s leading tech entities, aiming to support the country’s AI and digital infrastructure development.
Keith Strier, Vice President of Worldwide AI Initiatives at Nvidia, detailed the cooperative framework at a Hanoi event, noting,
The collaboration is timely, as Nvidia has already invested over $250 million in Vietnam, though further investment details remain undisclosed.
FPT, currently the most valuable tech entity on Vietnam’s Ho Chi Minh City bourse with a market capitalization of $5.5 billion, continues to excel in providing diverse AI, cloud, and big data services. In the previous year, FPT’s total revenues surpassed $2 billion, underscoring its significant growth and innovation capabilities.
With this substantial investment and strategic alliance, FPT and Nvidia are poised to drive significant technological advancements in Vietnam, potentially setting a new benchmark for AI development in the region.
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