{"id":26450,"date":"2023-12-11T09:21:57","date_gmt":"2023-12-11T09:21:57","guid":{"rendered":"https:\/\/nftandcrypto-news.com\/crypto\/nvidia-plans-vietnam-expansion-for-ai-development\/"},"modified":"2023-12-11T09:22:01","modified_gmt":"2023-12-11T09:22:01","slug":"nvidia-plans-vietnam-expansion-for-ai-development","status":"publish","type":"post","link":"https:\/\/nftandcrypto-news.com\/crypto\/nvidia-plans-vietnam-expansion-for-ai-development\/","title":{"rendered":"Nvidia plans Vietnam expansion for AI development"},"content":{"rendered":"<p><\/p>\n<div data-v-8081b7b6=\"\">\n<p data-ct-non-breakable=\"true\">Nvidia, one of the market\u2019s leading developers of artificial intelligence (AI) chips, announced its intentions to expand partnerships in Vietnam and set up a base in the country after a visit from the company\u2019s CEO.\u00a0<\/p>\n<p> Nvidia CEO Jensen Huang said Vietnam is already a partner of the company and is home to millions of its clients, with Nvidia already investing $250 million in Vietnam.<\/p>\n<blockquote data-ct-non-breakable=\"true\"><p>\u201cVietnam and Nvidia will deepen our relations, with Viettel, FPT, Vingroup, VNG being the partners Nvidia looks to expand partnership with.\u201d <\/p><\/blockquote>\n<p data-ct-non-breakable=\"true\">He also said Nvidia will help support local AI training and infrastructure. <\/p>\n<p>At the same event, Vietnamese Minister of Planning and Investment Nguyen Chi Dzung highlighted the country\u2019s recent efforts to prepare incentives and schemes to attract investments in the AI and semiconductor industries.\u00a0<\/p>\n<p>The Vietnamese government also said that Nvidia has plans to set up a center in the country through which it can attract \u201ctalent from around the world to contribute to the development of Vietnam\u2019s semiconductor ecosystem and digitalisation.\u201d<\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>76% of Vietnamese crypto holders invest based on referrals \u2014 Report<\/em><\/strong><\/p>\n<p>This meeting comes a few months after United States President Joe Biden made a historic visit to Vietnam, during which the two governments\u00a0completed business deals and partnerships\u00a0worth billions of dollars to advance the AI, semiconductor and cloud computing industries.<\/p>\n<p>During this meeting, heads of major companies in the AI development space were also in attendance, including Nvidia, Google, Intel, Boeing, Amkor and Microsoft.<\/p>\n<p>Nvidia is at the heart of the U.S.\u2019s AI manufacturing and development industry and has been affected by the sanctions the U.S. has been imposing on certain foreign markets in the semiconductor chip business.\u00a0<\/p>\n<p>Nonetheless, the company revealed a\u00a0record-breaking revenue report for the third quarter of $18 billion and cited generative AI as the primary reason. <\/p>\n<p><strong><em>Magazine: <\/em><\/strong><strong><em>Real AI use cases in crypto: Crypto-based AI markets, and AI financial analysis<\/em><\/strong><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Nvidia, one of the market\u2019s leading developers of artificial intelligence (AI) chips, announced its intentions to expand partnerships in Vietnam and set up a base in the country after a visit from the company\u2019s CEO.\u00a0 Nvidia CEO Jensen Huang said Vietnam is already a partner of the company and is home to millions of its [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":26451,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","om_disable_all_campaigns":false,"footnotes":""},"categories":[42],"tags":[],"class_list":["post-26450","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Nvidia plans Vietnam expansion for AI development | NFT &amp; 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