FPT and SBI holdings sign MoU to invest in FPT smart cloud Japan
FPT and SBI holdings sign MoU to invest in FPT smart cloud Japan
FPT Corporation and SBI Holdings - the leading financial service group in Japan - signed a Memorandum of Understanding, planning to invest up to 35 per cent of shares of FPT Smart Cloud Japan Company Limited to develop high-performing computing infrastructure and accelerate AI adoption.
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FPT Corporation and SBI Holdings - the leading financial service group in Japan, have signed a Memorandum of Understanding, planning to invest up to 35 per cent of shares of FPT Smart Cloud Japan Company Limited.
The deal is to develop a high-performing computing infrastructure and accelerate AI adoption for Japanese enterprises and organisations.
If the co-investment is realised, SBI Holdings will contribute to FPT’s initiatives to foster AI innovation in Japan, especially generative AI with the FPT AI Factory. The contract fulfillment is expected to take place by the end of January, 2025.
Research indicates that the global Generative AI market will reach US$130 billion in 2024 and further grow to $1.3 trillion in 2032. In Japan, the AI market value is rising to $5.9 billion this year, with a growth rate of 31.2 per cent, according to IDC. This enormous market potential offers an opportunity for FPT Smart Cloud Japan to cultivate its AI research and development capabilities, enabling Japanese businesses and organisations to create a quantum leap in operational efficiency.
In November 2024, FPT Corporation launched its AI Factory and established FPT Smart Cloud Japan to develop a comprehensive ecosystem of products and services fuelled by AI and cloud technologies, aiming to achieve Sovereign AI and transform Japan into an AI Nation.
The FPT AI Factory provides cloud services leveraging thousands of NVIDIA Hopper GPUs and the latest NVIDIA AI Enterprises software and frameworks, consisting of three main components: FPT AI Infrastructure offers accelerated computing GPU cloud services to accelerate large AI model development; FPT AI Studio provides a set of smart tools to effortlessly develop, train, and fine-tune AI models; FPT AI Inference enables deployment and scalability in terms of size and number of usages with high efficiency.
