Sumitomo and SBI Holdings invest 40% in FPT Smart Cloud Japan to boost AI development

FPT Corporation has announced a strategic partnership with Sumitomo and SBI Holdings, two major Japanese corporations, to develop AI in Japan. Under the agreement, each group will invest 20% in FPT Smart Cloud Japan. This collaboration aims to apply AI in FPT AI Factory’s range of products and services, targeting the goal of transforming Japan into an advanced AI country. The synergy between FPT’s technology and Sumitomo and SBI Holdings’ global network promises to create breakthrough AI solutions for organizations and businesses in Japan. Trương Gia Bình, FPT’s Chairman, emphasized the importance of maintaining technological independence and promoting innovation. FPT AI Factory, with the philosophy “Build Your Own AI,” aims to help businesses easily access and deploy AI to optimize data and enhance performance. Both Sumitomo and SBI Holdings have a rich history and diverse operations, providing a solid foundation for this development.