FPT Sells 40% Stake in AI Company in Japan

FPT Corporation has announced a strategic partnership with Sumitomo Corporation and SBI Holdings to enhance the application of artificial intelligence (AI) in Japan by investing 40% in FPT Smart Cloud Japan. Each partner will invest 20%, aiming to develop the FPT AI Factory ecosystem, creating AI products and services for the Japanese market. Mr. Truong Gia Binh, FPT’s Chairman, emphasized the importance of AI in the upcoming three-year development strategy, aiming for every citizen to learn and use AI. FPT plans to expand its AI factories not only in Japan but also in various other countries. The group aims to achieve 20% revenue growth and a 21% increase in profit in 2025.

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