Vietnam's top technology firm FPT partners with Sumitomo, SBI Holdings

Hanoi-based FPT Corporation has formed a strategic partnership with Sumitomo Corporation and SBI Holdings, two world's leading industrial and financial corporations headquartered in Japan.

The strategic partnership aims to accelerate the application of AI through the service and product ecosystem of FPT AI Factory, contributing to the development of sovereign AI in Japan, FPT stated in a release on Wednesday.

Under the agreement, Sumitomo Corporation and SBI Holdings Corporation will invest in FPT Smart Cloud Japan to own a 20% stake each.

FPT Smart Cloud Japan is a subsidiary of FPT Corporation, which is listed on the Ho Chi Minh Stock Exchange as FPT.

Based on FPT's technological strengths and the Japanese partners' experience and extensive network, the partnership lays an important foundation in developing and applying breakthrough AI solutions for organizations and businesses in Japan, realizing the goal of contributing to making Japan an AI nation, the release added.

Truong Gia Binh, chairman of FPT Corporation, emphasized that with a common vision on the potential of AI, FPT is working closely with strategic partners to expand the application of AI technology on a global scale.

"We also aim to promote innovation and enhance competitiveness for customers, helping them secure technological autonomy and contributing to making Japan an AI country," he stressed.

According to the FPT top leader, with the core philosophy of "Build Your Own AI", FPT AI Factory seeks to make AI accessible and easy to deploy for all businesses, organizations and individuals.

It leverages the power of FPT's AI infrastructure with thousands of latest GPU chips, along with pre-packaged AI models and deployment methods, in combination with the service ecosystem and experience in Japan of FPT and investors.

Sumitomo, with a history of over 400 years, owns a strong global network with 125 offices in 64 countries and territories and employs 80,000 people worldwide.

The group operates in nine business groups: steel, automobile, transportation systems and construction, diversified urban development, media and digital, lifestyle business, mineral resources, chemical solutions, and energy conversion.

SBI Holdings is one of the pioneers in the field of online financial services in Japan. The group provides financial services and products, mainly in the fields of securities, banking, and insurance. It also operates in asset management, among others, globally.

With 20 years of operation in the Japanese market, FPT is one of the largest foreign-invested technology companies in Japan in terms of human resources.

FPT Japan currently has more than 4,000 employees working in 17 offices and development centers in Japan, along with nearly 15,000 global experts specializing in the Japanese market. The company is providing digital services and solutions to more than 450 customers worldwide.

FPT Japan aims to grow its workforce directly working in Japan to 5,000 employees by the end of 2025 and achieve its first billion-dollar revenue by 2027.