- FPT, Vietnam’s leading tech firm, to invest $200 million in an AI factory using Nvidia chips.
- The collaboration aims to advance AI research and develop applications, including generative AI and autonomous driving.
- FPT plans to expand factories into potential markets like Japan and South Korea.
- The partnership includes a comprehensive strategic alignment and focuses on talent development.
- Nvidia’s previous investments in Vietnam exceed $250 million.
- FPT, valued at $5.5 billion, offers AI, cloud, and big data services with revenues over $2 billion.
Main AI News:
In a strategic move, Vietnam’s leading technology conglomerate FPT announced its ambitious plan to construct a state-of-the-art $200 million artificial intelligence (AI) facility, leveraging Nvidia’s cutting-edge graphics chips and software solutions. This collaboration aims to propel AI research within Vietnam, spearheading the development of innovative AI applications and solutions, particularly in generative AI and autonomous driving, as outlined in a joint statement by the two entities.
Chairman Truong Gia Binh expressed FPT’s vision to establish factories not only in Vietnam but also in promising markets such as Japan and South Korea. “FPT is committed to realizing its vision of positioning Vietnam as a prominent AI hub through strategic partnerships and technology advancements in collaboration with Nvidia,” he emphasized during discussions with reporters.
The partnership between FPT and Nvidia extends beyond mere business transactions; it signifies a comprehensive strategic alignment aimed at fostering technological innovation and talent development. Nvidia’s CEO Jensen Huang had previously underscored the company’s intent to bolster collaborations with Vietnam’s leading tech enterprises, with a focus on nurturing local talent for the advancement of AI and digital infrastructure.
Keith Strier, Vice President of Worldwide AI Initiatives at Nvidia, highlighted the depth of collaboration, stating, “We have engaged with various operational units within FPT, devising bespoke agreements and strategies for each facet.” This tailored approach underscores Nvidia’s commitment to maximizing the partnership’s impact across diverse sectors.
While Nvidia has already invested significantly in Vietnam, surpassing $250 million, the specifics of any additional investment resulting from this partnership remain undisclosed. Nonetheless, FPT’s stature as Vietnam’s premier technology firm, boasting a market capitalization of $5.5 billion on the Ho Chi Minh City bourse, underscores the strategic significance of this collaboration. With a robust portfolio spanning AI, cloud, and big data services, FPT is well-positioned to drive innovation and economic growth in the region, with last year’s revenues exceeding $2 billion.
Conclusion:
FPT’s substantial investment in an AI factory, coupled with its strategic partnership with Nvidia, signifies a significant leap forward in Vietnam’s tech landscape. This collaboration not only promises advancements in AI research and application development but also underscores the region’s growing importance as a hub for technological innovation. With FPT’s strong market presence and Nvidia’s expertise, the partnership is poised to drive substantial growth and innovation in the AI and tech sectors, both locally and globally.
