Sumitomo Corp. and SBI Holdings, two prominent Japanese companies, have announced their plans to acquire 20% stakes each in FPT Smart Cloud Japan, a subsidiary of Vietnam’s leading IT firm, FPT Group.

This investment, set to finalize in May 2025, highlights the growing demand for artificial intelligence (AI) solutions across various sectors, including healthcare, education, and manufacturing.

FPT Smart Cloud Japan was established in late 2024 to enhance the company’s AI infrastructure and data center capabilities.

The collaboration emphasizes the vital role of AI in driving investments in data centers, which are crucial for supporting AI technologies.

This initiative comes amid a global effort to improve infrastructure to meet the increasing energy demands of AI.

Nvidia CEO Jensen Huang recently met with Japanese Prime Minister Shigeru Ishiba to advocate for enhanced electricity generation to support AI growth.

Read more

OpenAI announces new ‘deep research’ tool for ChatGPT

Nvidia CEO: Humanoid robot revolution is closer than you think

Oracle to invest $6.5b in Malaysian cloud services region

Huang underscored Japan’s leadership in robotics and industrial manufacturing, stressing the importance of energy for AI development.

As Japan explores various options to meet its energy needs such as restarting nuclear reactors and investing in liquefied natural gas projects the investment in FPT Smart Cloud Japan reflects strategic efforts to build the necessary infrastructure for the future of AI.