Together with FPT, a Vietnamese IT company, US chipmaker Nvidia plans to establish a $200 million artificial intelligence (AI) factory in Vietnam. The partnership, which was revealed on April 23, will result in the establishment of a cloud computing and artificial intelligence hub in the Asian nation.
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According to the joint press release, Nvidia’s latest technologies will be utilized by FPT and the Nvidia AI factory to function as a “sovereign cloud” dedicated to AI research and development. Nvidia H100 Tensor Core GPUs and Nvidia AI Enterprise software and frameworks are among them.
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FPT and Nvidia Commit to Expanding Vietnam’s AI Industry with New AI Factory
The Nvidia AI factory will give FPT’s corporate clients access to core resources intended to increase research capacity, scale AI applications, and hit productivity and customer experience benchmarks, as well as cloud GPU services available worldwide.
As part of the partnership, Vietnam will be positioned as the “hub of AI” and neighboring countries like South Korea and Japan will see a faster uptake of AI applications.
In order to become a Global Systems Integrator as part of the partnership, FPT became a Service Delivery Partner and joined the “NVIDIA Partner Network.” This will enable the IT company to create customized cloud services, hardware, software, and most importantly, generative AI solutions by utilizing Nvidia’s cutting-edge products and technologies.
FPT Corporation Chairman and Founder Dr. Truong Gia Binh was enthusiastic about the partnership during the signing ceremony.
“FPT is dedicated to Education, Cloud, AI, and Digital Transformation,” he declared. “With collaboration with NVIDIA in technology, business development, and training, FPT aims to elevate our R&D proficiency and create a comprehensive platform for cutting-edge products and services built on AI and Cloud that surpass global demands, working to achieve its vision to turn Vietnam into an AI hub of the world.”
Keith Strier, Vice President of Nvidia’s Worldwide AI Initiative, discussed how AI has the potential to enhance lives and boost economies in a number of industries, including manufacturing, healthcare, agriculture, and the environment.
He said that the collaboration between FPT and Nvidia will enable Vietnamese organizations to lead change and position their nation as a leader in AI technology.
Increased Investments From Major Tech Companies Are Drawn to the AI Sector
The AI collaboration between FPT and Nvidia is in line with other major tech companies’ multibillion-dollar global investments in the AI sector.
On April 16, for instance, the multinational software corporation Microsoft invested $1.5 billion in G42, an AI-based business based in the United Arab Emirates (UAE). The partnership enables G42 to run its AI services and apps on Microsoft’s Azure cloud computing platform, enhancing the infrastructure’s security and safety.
Microsoft also recently pledged to invest $2.1 billion in AI infrastructure developments in Spain to increase “local capacity for the technology,” following its investment of 3.2 billion euros ($3.44 billion) to strengthen the AI industry infrastructure in Germany for the next two years.
Amazon, meanwhile, has contributed $4 billion to Anthropic, ChatGPT’s competitor AI startup.
The AI industry is expected to be valued $184 billion by the end of 2024 and $826 billion by 2030, according to recent Statista data.
These forecasts, coupled with the success of OpenAI’s GPT models, are fueling significant investments from Microsoft and other technology companies as they compete to become leading hubs for AI innovation and revenue generation.
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