Sumitomo Corp. And SBI Holdings are largely betting on artificial intelligence, each taking a 20% stake In FPT Smart Cloud Japan. The investment, which should close by May 2025, gives a boost to the efforts of the FPT group to extend its IA infrastructure using Nvidia (Nvda,, Financial) technology.
The FPT Smart Cloud Japan, launched at the end of 2024 by the Vietnam FPT group, built data centers designed to feed AI in rapid industries such as health care, education and manufacturing. As AI tools become essential for businesses, the need for reliable and energy -eager data centers is increasing as quickly.
But the construction of infrastructure of AI is only half of the battle. Keeping it on the move takes a serious power. NVIDIA Director General Jensen Huang recently met Japanese Prime Minister Shigeru Ishiba, pressure for more electricity production to fuel the future of AI. Huang praised Japan leadership in robotics and manufacturing, but clearly indicated: without enough energy, which leadership can stall.
Japan already explores options, the restarting of nuclear reactors to the importation of more fossil fuels and even investing in a liquefied natural gas project of $ 44 billion in Alaska.
For FPT Smart Cloud Japan, the new support of Sumitomo and SBI is not just a matter of money. This is part of a much more important race to build the digital backbone necessary for the economy led by AI which takes shape quickly.
This article appeared for the first time on Gurufocus.