Sumitomo Corp. and SBI Holdings Inc. are set to acquire 20% stakes each in FPT Smart Cloud Japan, a subsidiary of Vietnamese technology conglomerate FPT Corp. The investment aims to promote AI adoption in Japan, according to a statement from FPT Corp.
FPT Smart Cloud Japan oversees FPT Corp.’s AI data center in Japan. Despite the investment, FPT Corp. will maintain its majority stake in the unit. This move underscores the growing interest in AI technology and the collaborative efforts between Japanese and Vietnamese companies in this sector.
The investment details highlight the increasing importance of AI infrastructure in Japan and the role of international partnerships in advancing this technology. FPT Corp.’s AI data center in Japan is expected to play a crucial role in supporting AI adoption across various industries in the country.
