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Vietnam’s tech firm VNG partners with Nvidia to promote AI cloud services

Vietnam’s tech firm VNG partners with Nvidia to promote AI cloud services

Tuesday, May 28, 2024, 16:40 GMT+7
Vietnam’s tech firm VNG partners with Nvidia to promote AI cloud services
A worker at GreenNode, a subsidiary of VNG Digital Business, a key business arm of Vietnamese tech giant VNG Corporation. Photo: Phuong Anh / Tuoi Tre

A company under Vietnam’s VNG Corporation has joined hands with American chipmaker Nvidia and U.S.-based artificial intelligence (AI) data platform provider VAST Data to provide AI cloud services to customers globally.

Ho Chi Minh City-based GreenNode Joint Stock Company (GreenNode), a subsidiary of VNG Digital Business, a key business arm of Vietnamese tech giant VNG, announced its strategic partnership with Nvidia last Friday.

As an AI cloud partner with Nvidia, GreenNode, a provider of AI cloud platforms and developer of generative AI (GenAI) applications, enjoys priority access to Nvidia's AI model factories and the latest generations of AI chips.

GreenNode can also utilize software architecture and technology compatible with those of the U.S. company in providing AI cloud services to global customers. 

In Vietnam, VNG is currently among the first firms to own many Nvidia servers located in a data center in District 7, Ho Chi Minh City. 

Tung Vu, head of product department at GreenNode, recently told the Tech in Asia website that the partnership would expedite the adoption of high-performance AI models for enterprises in Southeast Asia, India, Australia, Japan, and South Korea.

Besides Nvidia, GreenNode also announced its cooperation with New York-based VAST Data to develop technology solutions to streamline AI workloads and support customers in efficiently scaling data streams to train AI models based on actual needs.

The collaboration between GreenNode and VAST Data opens up opportunities to develop advanced GenAI solutions in the Asia-Pacific region by overcoming technical limitations for enterprise customers, VNG cited Sunil Chavan, vice president for Asia Pacific & Japan at VAST Data, as saying. 

The need to develop and apply GenAI in businesses is increasing, but very few businesses have enough access to appropriate resources to train large AI models due to expensive investment costs and the scarcity of global AI chip supplies, CEO of VNG Digital Business Nguyen Le Thanh said. 

“Therefore, by pioneering investment in the AI cloud, GreenNode helps businesses access advanced AI services at optimal costs to promote the development of AI technology in the region,” Thanh stated.

The Asia-Pacific market is a very vibrant region for AI initiatives since AI applications have been broadly used in a wide range of industries, from finance, banking and insurance to manufacturing, transportation, e-commerce, telecommunications and medicine, among others, he commented.

According to Market Data Forecast, an India-based market research firm, the AI market in the Asia-Pacific region is forecast to grow 39.93 percent annually in the 2024-29 period to reach US$356.13 billion in 2029 from $66.38 billion this year.

However, businesses in the region are facing challenges in accessing the infrastructure and expertise needed to exploit AI projects effectively, the firm stated. 

As a cloud computing platform optimized to provide and support AI services, AI Cloud integrates hardware (such as graphic processing units - GPUs), software, and storage technology to enable the development, training, and deployment of AI models on a large scale, according to VNG. 

AI cloud provides robust and flexible resources, allowing businesses to use AI without investing in complex infrastructure, the company said.

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Vinh Tho - Duc Thien / Tuoi Tre News

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