Sumitomo and SBI Holdings Make Strategic Investment in Vietnam's FPT AI Unit

In a significant development in the tech investment landscape of Southeast Asia, Japanese conglomerate Sumitomo Corporation and SBI Holdings have jointly announced their decision to acquire stakes in FPT Corporation's artificial intelligence (AI) unit, FPT AI. This move marks a pivotal step for both companies as they look to capitalize on the burgeoning AI market in Vietnam, which is becoming an increasingly attractive destination for international investors.

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