Nvidia buys billionaire Pham Nhat Vuong's artificial intelligence company

CEO Jensen Huang said Nvidia acquired VinBrain - Vingroup 's artificial intelligence company - to develop a large future design center in Vietnam.

Sharing after the signing ceremony of the agreement to establish two artificial intelligence (AI) centers with the Government on the evening of December 5, Nvidia CEO Jensen Huang said that the group had acquired VinBrain from Vingroup to develop a large future design center in Vietnam. VinBrain's website also updated its interface on the morning of December 6 with a notice that it had become part of Nvidia, which was acquired by Nvidia in December and is no longer an independent entity. According to Mr. Jensen Huang, Nvidia is "very fortunate" to have cooperation with Vingroup and VinBrain, a startup in the field of artificial intelligence (AI) of Vingroup. He affirmed that with VinBrain, Nvidia has a starting point for a large future design center. However, the progress of this deal has not been specifically announced. VinBrain is an affiliate of Vingroup. Vingroup's financial report shows that as of the end of June, billionaire Pham Nhat Vuong's group owned 49.74% of the company's shares. In addition, the group has also invested VND126.6 billion in VinBrain as of December 2023. VinBrain is introduced as a pioneer in developing artificial intelligence products in the medical field. The company has been deploying these solutions in more than 182 hospitals in Vietnam, the US, India, Australia... helping medical professionals improve their work efficiency.

Nvidia CEO Jensen Huang shared at a press conference on the evening of December 5 (Photo: VGP).

According to the plan, Nvidia will establish an Artificial Intelligence Research and Development Center and an AI Data Center in Vietnam. Nvidia CEO believes that building a world-class AI Research and Development Center (R&D) invested and operated by Nvidia is a premise for developing Vietnam's artificial intelligence ecosystem, thereby promoting R&D and deploying advanced AI technologies. The center will attract many talents, high-tech and artificial intelligence engineers to work and live in Vietnam, creating a premise to access and attract Nvidia's huge resources for Vietnam. Nvidia will invest in internship and scholarship programs to train new talents and support innovative startups for Vietnam in the field of AI and other high-tech fields. The development of Nvidia's AI Research and Development Center in Vietnam will be an important boost to help Vietnam make great strides in technology in the coming time, having a ripple effect on other high-tech investors in the world, especially in the field of AI investing in Vietnam. In the coming time, the two sides will continue to make efforts to quickly implement the commitments in the agreement. Nvidia will be an important partner, accompanying Vietnam in developing the AI ecosystem, contributing to the development of science and technology, innovation in particular and the development of Vietnam in general in the era of the Vietnamese nation's rise. Emphasizing that this is a special time in the technology industry, when in fact, the technology world is being reset by AI, Mr. Jensen Huang affirmed that this is the perfect time for Vietnam to build an AI future. Source: https://dantri.com.vn/kinh-doanh/nvidia-mua-cong-ty-tri-tue-nhan-tao-cua-ty-phu-pham-nhat-vuong-20241206114002302.htm