Nvidia Collaborates with Vietnamese IT Company FPT to Build $200 Million AI Manufacturing Facility

Nvidia, the American semiconductor manufacturer, has teamed up with Vietnamese IT firm FPT to establish a $200 million artificial intelligence (AI) facility in Vietnam. This partnership, revealed on April 23, aims to create a center for AI and cloud computing services within the Asian nation.

The joint announcement indicated that the FPT and Nvidia AI factory will function as a “sovereign cloud,” concentrating on AI research and development utilizing Nvidia’s cutting-edge technologies. These encompass Nvidia AI Enterprise software and frameworks, along with Nvidia H100 Tensor Core GPUs.

FPT and Nvidia AI Factory Commit to Advancing Vietnam’s AI Sector

The Nvidia AI factory will offer cloud GPU services to FPT’s corporate clients worldwide, providing them access to essential resources aimed at enhancing research capabilities, expanding AI applications, and reaching productivity and customer experience objectives.

Great news! FPT Corporation and @nvidia today entered a comprehensive strategic partnership to harness the power of #AI across sectors.
Read more: https://t.co/LFncYkP9w8 pic.twitter.com/Mb2hxF5kx2

— FPT Software (@fpt_software) April 23, 2024

The objective of this collaboration is to establish Vietnam as an “AI hub of the world” while accelerating the implementation of AI applications in neighboring nations such as Japan and South Korea.

As part of this partnership, FPT has become a member of the “NVIDIA Partner Network” as a Service Delivery Partner, positioning itself as a Global Systems Integrator. This will enable the IT company to utilize Nvidia’s advanced products and technologies to create customized cloud services, hardware, software, and particularly, generative AI solutions.

During the signing event, Dr. Truong Gia Binh, Chairman and Founder of FPT Corporation, expressed enthusiasm regarding the partnership.

“FPT is dedicated to Digital transformation, AI, Cloud, and Education,” he stated. “FPT aims to enhance our R&D capabilities and build a comprehensive platform for cutting-edge products and services based on AI and Cloud that surpass global expectations, working towards its vision of transforming Vietnam into an AI hub of the world through collaboration with NVIDIA in technology, business development, and training.”

Nvidia’s Vice President of Worldwide AI Initiative, Keith Strier, remarked on AI’s potential to enhance lives and bolster economies across various sectors, including healthcare, agriculture, climate, and manufacturing.

He emphasized that the partnership between FPT and Nvidia will empower organizations throughout Vietnam to drive transformation and assist the country in becoming a leader in AI technology.

AI Industry Attracts Increased Investments From Major Tech Companies

The collaboration between FPT and Nvidia follows substantial investments from other major tech companies in the global AI sector.

On April 16, software giant Microsoft invested $1.5 billion in G42, an AI-focused company in the United Arab Emirates (UAE). This partnership enables G42 to leverage Microsoft’s Azure cloud computing platform to enhance its AI services and applications, thereby improving the safety and security of its infrastructure.

.@Microsoft’s investment in @G42ai will enhance the UAE’s position as a leading #AI hub and provide digital infrastructure and services to help underserved nations innovate and grow. We will combine world-class technology with world-leading standards for safe, trusted, and…

— Brad Smith (@BradSmi) April 16, 2024

Additionally, Microsoft has committed 3.2 billion euros ($3.44 billion) to strengthen AI industry infrastructure in Germany over the next two years, followed closely by a $2.1 billion investment in AI infrastructure developments in Spain to enhance “local capacity for the technology.”

Meanwhile, Amazon has allocated $4 billion to support Anthropic, a competitor to ChatGPT.

AI is revolutionizing the world with advanced technologies and resources capable of addressing critical challenges and streamlining work processes.

According to recent data from Statista, the AI sector is anticipated to reach a value of $184 billion by the end of 2024 and $826 billion by 2030.

AI market size projected to be $826 billion by 2030

These forecasts, along with the success of OpenAI’s GPT models, have spurred numerous investments from Microsoft and other technology firms as they compete to establish themselves as leaders in innovation within the industry.

The post Nvidia Partners with Vietnamese IT Firm FPT to Construct $200M AI Factory appeared first on Cryptonews.