Sumitomo, SBI Holdings to Take Stakes in Vietnam’s FPT AI Unit

Sumitomo, SBI Holdings to Take Stakes in Vietnam’s FPT AI Unit

Sumitomo Corp. and SBI Holdings Inc. will each acquire a 20% stake in a unit of Vietnam’s software and telecommunications conglomerate FPT Corp. to foster AI adoption in Japan, according to a statement.

The People's Committee of Da Nang City has just presented a report on the recognition of strategic partners in the field of semiconductor microcircuits and artificial intelligence for enterprises such as FPT Joint Stock Company and Marvell Technology Vietnam Co., Ltd.

SBI Holdings, FPT Corporation, and Sumitomo Corporation partner on AI tech

SBI Holdings has entered into a strategic partnership with FPT Corporation and Sumitomo Corporation to accelerate the development of AI technology.

Sumitomo and SBI to acquire minority stakes in FPT’s AI unit

Sumitomo and SBI Holdings are set to acquire stakes in the AI division of FPT, a Vietnam-based technology and IT services provider, to accelerate AI development in Japan. Following the investment, FPT, through its wholly owned subsidiary FPT Japan Holdings, will retain a 60% ownership stake in FPT Smart Cloud Japan. The remaining ownership will be equally split between Sumitomo and SBI Holdings, at 20% each. FPT Smart Cloud Japan delivers AI sol…

How economy is transformed by ESG and AI agents

Many forums have been held to discuss in-depth the applicability of ESG and AI, the potential that each trend brings to the mission of bringing sustainable development and prosperity to the Vietnamese economy in the future. Rizwan Khan, managing partner, Acclime Vietnam In past years, investors’ attention to such considerations has boomed and Vietnam is no exception, driven by the Vietnamese government’s strong signal to encourage ES…

Sumitomo Pharma’s Comeback Story: Reinventing a Century-Old Giant in a Post-Patent Era

Sumitomo Pharma Co., Ltd., formerly Sumitomo Dainippon Pharma, is undergoing a bold transformation in response to patent losses, financial strain, and global competition. In 2022, … Sumitomo Pharma’s Comeback Story: Reinventing a Century-Old Giant in a Post-Patent Era Read More » The post Sumitomo Pharma’s Comeback Story: Reinventing a Century-Old Giant in a Post-Patent Era first appeared on GeneOnline News. The post Sumitomo Pharma’s Comeback S…