FPT consortium starts work with $173 million AI centre in southerly Vietnam

HANOI (Reuters) – Vietnam’s leading technology company FPT and its subsidiaries started building and construction on a $174 million man-made smart task in south-central Binh Dinh district, its most recent press to use AI industry, the business stated on Wednesday.

The task, established by a consortium consisting of FPT City Danang, FPT Financial Investment, and FPT Software program, covers a location of 93.24 hectares, FPT stated in a declaration.

It makes up an AI centre, an education and learning area and a sustaining metropolitan area, of which the AI centre will certainly concentrate on research study, software application manufacturing, electronic improvement aid and cybersecurity service arrangement, it included.

FPT is one of the most useful modern technology business on Vietnam’s Ho Chi Minh City bourse, with a market capitalisation of $7.7 billion. It uses a range of AI, cloud and large information solutions, and in 2015 its complete profits surpassed $2 billion.

In April, FPT revealed a strategy to develop a $200 million AI manufacturing facility making use of Nvidia’s graphics chips and software application.

( Coverage by Phuong Nguyen; Modifying by Rashmi Aich)

Check Also

Morgan Stanley elevates base instance 2025 yr-end S&P 500 target to 6,500

NEW YORK CITY (Reuters) – Morgan Stanley has actually boosted its 12-month base instance rate …

Leave a Reply

Your email address will not be published. Required fields are marked *