FPT buys stake in US computer vision, AI company

By Minh Son October 24, 2023 | 09:55 pm PT

FPT chairman Truong Gia Binh (R) shakes hands with Landing AI CEO Andrew Ng during a signing on Oct. 24, 2023. Photo courtesy of FPT

Tech giant FPT has invested in leading American computer vision and AI company Landing AI and become its strategic partner.

The partnership marks an important advancement in AI collaboration between Vietnam and the U.S., FPT said in a press release without disclosing details about the deal.

Subsidiary FPT Software and Landing AI will explore the possibility of opening a dedicated engineering center in Vietnam to develop AI expertise.

The founder and CEO of the U.S. company, Andrew Ng, said: "There is tremendous optimism about what we could achieve together for the future generations driven by AI innovations."

FPT chairman Truong Gia Binh said: ""This collaboration will open up a new era for AI development in Vietnam and bring new opportunities for our country’s future generations to excel in high-tech fields."

FPT considers AI a spearhead for digital transformation in Vietnam and globally. The corporation has an AI workforce of 500 experts and 50 with PHDs/masters, and an ecosystem of 20+ AI-enabled products and services with over 200 million monthly end-users per month.