Nvidia and the Vietnamese government have signed an agreement to collaboratively establish an AI research and development center, along with an AI data center, in the Southeast Asian country.
Nvidia also said it has acquired healthcare startup VinBrain, a unit of Vietnamese conglomerate Vingroup, but didn't provide the value of the deal.
Nvidia CEO Jensen Huang said during a visit to Hanoi a year ago that the artificial intelligence chipmaker wanted to expand its partnerships with Vietnam's top tech firms and support the country in training talent for developing AI and digital infrastructure.
In April, Vietnamese tech firm FPT said it planned to build a $200 million artificial intelligence factory using Nvidia's graphic chip and software.
The agreement between Nvidia and the Vietnamese government was signed in Hanoi, with Nvidia CEO Jensen Huang and Vietnamese Prime Minister Pham Minh Chinh in attendance. Financial details regarding the planned R&D center and data center were not disclosed.
Chinh said AI would boost growth and that Vietnam also wanted to use it to develop clean energy.
"We want to conquer not only AI but also space and the ocean," Chinh said. "AI will turn the sun, the wind, and the waves into clean energy for us".