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.
Stay in the know on crypto by frequently visiting Crypto News Today
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.
CryptoCaster Quick Check:
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.
W
e hope you enjoyed this article. Before you move on, we invite you to consider supporting CryptoCaster’s journalism.
Billionaire owners like Elon Musk, Larry Fink (BlackRock), and Jamie Dimon (JP Morgan Chase) often have a strong influence on the hidden agendas surrounding the paradigm shift brought about by cryptocurrency and emerging Web3 technologies. CryptoCaster stands apart. We have no billionaire owner or shareholders to please. Our journalism is dedicated to serving the public interest in crypto development and institutional disruptions, not profit motives.
We avoid the pitfall of much U.S. and global media, which often resorts to false equivalence in the name of neutrality and retail consumer protection. While fairness and transparency guide everything we do, we recognize that there is a right and wrong stance in the fight against fiat global banking interests and the monetary reconstruction driven by the emerging crypto ecology.
When we report on issues like the FTX, Binance, and Ripple crises, we’re not afraid to name names and uncover the truth. As a crypto sentinel, we offer a fresh, outsider perspective on global monetary disruption—something often missing from the insular American and European media bubble.
CryptoCaster’s paywall-free journalism is accessible worldwide thanks to our unique reader-supported model. This is made possible by readers like you. Your support keeps us independent, free from outside influence, and accessible to everyone, regardless of their ability to pay for news and information.
We are grateful for the ongoing monetary support from our readers. If you haven’t yet considered supporting CryptoCaster, please consider contributing just once from $1 or more in Bitcoin (satoshi) or Ether, or even better, support us monthly with a bit more. Scroll further down this page to find CryptoCaster’s wallet addresses.
Thank you.
Kristin Steinbeck
Editor, CryptoCaster
Please Read Essential Disclaimer Information Here.
© 2024 Crypto Caster provides information. CryptoCaster.world does not provide investment advice. Do your research before taking a market position on the purchase of cryptocurrency and other asset classes. Past performance of any asset is not indicative of future results. All rights reserved.
Contribute to CryptoCaster℠ Via Metamask or favorite wallet. Send Coin/Token to Addresses Provided Below.
Thank you!
BTC – bc1qgdnd752esyl4jv6nhz3ypuzwa6wav9wuzaeg9g
ETH – 0x7D8D76E60bFF59c5295Aa1b39D651f6735D6413D
SOL – DLvdMu85dW6pZMhw2E4S3pp81qQQGpy5UcdTsFEFBu4b
LITECOIN – ltc1qxsgp5fykl0007hnwgl93zr9vngwd2jxwlddvqt
CRYPTOCASTER HEATMAP
