Major enterprises accelerating investment in AI

Artificial intelligence (AI) is considered a breakthrough technology during Industry 4.0 and major Vietnamese tech companies are taking solid steps in AI research and Al application.

The FPT Corporation has recently announced that it will spend VND300 billion ($13.16 million) on AI research and development (R&D) over the next five years. It has invested in such R&D since 2013 and formed a diverse ecosystem of products, solutions, and platforms to help businesses and organizations optimize their operations, improve their performance, and deliver a superior customer experience.

Other large enterprises such as Viettel, VNPT, VNG, and Vingroup are also investing heavily in AI R&D. According to Mr. Nguyen Manh Quy, Director of the Viettel Cyberspace Center, along with investment in researching new technology trends around the world, Viettel will also invest in providing platforms and digital services with a strong social impact, to provide more value to users. It will also bring AI more deeply into real life while helping to promote national digital transformation.

The investment and development of AI technology by major corporations has attracted Vietnamese experts as well as AI engineers from all over the world, while seminars with the participation of foreign experts are organized regularly, forming a strong AI community in the country. According to figures from the International Conference on Artificial Intelligence and Computational Intelligence (AICI 2020), Vietnam currently ranks 21st in the world in the field of AI.

Experts have said that investment in digital transformation in general, including AI, is an inexorable trend to help businesses optimize and improve efficiency in production and business activities and boost their competitiveness. Vietnamese enterprises must therefore determine specific goals in production and business activities to apply appropriate tech solutions.