Sumitomo Corporation and SBI Holdings are set to each acquire a 20% stake in FPT AI, a subsidiary of Vietnamese tech giant FPT Corporation. This strategic investment aims to accelerate the adoption of artificial intelligence technologies in Japan. FPT AI has been developing AI solutions across various sectors, including natural language processing, computer vision, and robotic process automation.
The partnership leverages FPT AI's technological capabilities and Sumitomo and SBI's market access and expertise in Japan. The collaboration seeks to address the increasing demand for AI-driven solutions in industries such as manufacturing, finance, and healthcare. By integrating FPT AI's technologies, Sumitomo and SBI aim to enhance their service offerings and drive innovation across their respective business domains.
This investment highlights the growing importance of cross-border collaborations in the AI sector, with Japanese firms increasingly looking to international partners to bolster their technological capabilities. The deal is expected to foster further cooperation between Vietnam and Japan in the field of artificial intelligence, driving economic growth and technological advancement in both countries.