FPT and Mila expand strategic partnership to advance responsible AI

The signing that took place at the Canada-Vietnam AI Summit held in Quebec last weekend marked the second time that FPT and Mila have signed a strategic cooperation agreement on AI research, training, and development.

FPT and Mila signed the three-year strategic partnership agreement on June 2

Both sides will contribute to developing guidelines, best practices, and ethical standards that will promote transparency, fairness, accountability, and privacy in AI applications. The expanded partnership seeks to solve complex problems and pioneer an AI ecosystem that fosters sustainable growth, human development, and social progress.

Dr. Truong Gia Binh, FPT chairman said, "As a global IT company, FPT aspires to harness AI's power for a safer, better, and happier world."

Since the beginning of the partnership in June 2020, FPT and Mila have collaborated on multiple research projects on causality, language models, voice coding, and more.

Yoshua Bengio, Mila’s founder and scientific director stated, "The Mila community has benefited greatly from our relationship with FPT over the past three years, which has resulted in the realisation of many projects. We are delighted to continue our collaboration with FPT, one of our major partners in Asia. This move is a great example of Mila's international impact."

With strategic consultation from Mila, FPT has established the first and largest AI Research Hub in Quy Nhon, Vietnam. With an investment of over $85 million, the complex will be a research, development, and learning facility for 20,000 tech personnel.

Since 2013, FPT has seen significant expenditure on people, facilities, infrastructure, data, and research to strengthen its AI capabilities. The corporation now boasts an ecosystem of AI-enabled products and services with over 200 million monthly end-users. It plans to integrate AI into all its offerings to provide an unparalleled experience for its customers.

FPT Smart Cloud sets its sights on Indonesia: unleashing AI innovation to transform financial market Armed with a rich portfolio of AI-driven solutions and backed by an illustrious track record, FPT Smart Cloud aims to empower businesses, optimise operations, and foster sustainable growth across various sectors, particularly the banking, finance and insurance industries in Indonesia – the largest economy in the Southeast Asia.

AI tools threaten to upend ad industry Data-driven algorithms supercharged the advertising industry by enabling precisely targeted campaigns, but new AI tools may be about to shake the sector once again.

AI risk mitigation on minds of global business leaders Business leaders are increasingly captivated by AI and its capacity to boost productivity and streamline operations. However, ethical data input, regulatory compliance, and cautious implementation are pivotal to fully harness AI’s advantages.