FPT signs multi-million-dollar AI deal with global materials group

FPT Corporation, a leading technology company, has signed a contract worth tens of millions of U.S. dollars with a leading global materials manufacturer, marking a new step in its strategy to expand AI services in Europe.

Under the agreement, FPT will deploy applications and services based on its end-to-end AI platform, FleziPT, to enhance the operational efficiency of its client, whose name was not disclosed.

The AI transformation could help the client cut costs by up to 40% over three years, while improving service reliability and modernizing core technology systems.

The platform is also expected to support the manufacturer in accelerating enterprise-wide AI adoption, moving toward an agentic AI model in which systems can operate autonomously, make decisions, and optimize performance in real time.

The deal underscores FPT’s role as a strategic AI technology partner, providing long-term support for large-scale modernization and AI transformation programs.

With an AI-first strategy, a flexible “best-shore” delivery model combining on-site and nearshore resources, and an AI-augmented engineering workforce, FPT stated it is well positioned to help European companies execute complex transformations faster, more efficiently and with measurable impact.

Tran Van Dung, FPT’s Europe chief executive, said that as AI shifts from experimentation to enterprise-wide deployment, its adoption will be critical to sustaining long-term competitiveness, particularly for European manufacturers.

Europe is a key market for FPT. The company entered the region in 2008 and now serves more than 150 corporate clients, including major players in energy and industrial sectors.

Leveraging FleziPT and proprietary AI solutions, FPT has supported leading energy and industrial firms such as Indonesia’s Pertamina in applying AI to improve operations, equipment performance, and workplace safety across offshore platforms.

The platform integrates large-scale data processing and high-performance AI infrastructure, enabling companies to shorten development time by up to 60% and scale AI from isolated pilots to enterprise-wide deployment.

FleziPT continues to evolve through ongoing project implementation, ensuring adaptability to changing client needs and market conditions.

Global AI spending is rising rapidly alongside the growth of agentic AI. According to Gartner, worldwide AI spending is projected to reach $1,757 billion in 2025, up more than 50% from 2024, and increase to $2,525 billion in 2026, and $3,335 trillion in 2027.