“FPT’s Penny-Pinching Pays Off: A Bold Bet on AI Backed by Frugality, Fueled by Faith”

"Betting on AI is our future!" exclaimed FPT Chairman Truong Gia Binh. He challenges every FPT employee to raise their productivity by 30%, emphasizing that if they used to do three tasks, they should now aim for ten.

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I want to share three important things. The first, and most crucial message, is that we are betting our entire future on AI,” said FPT Chairman Truong Gia Binh during an in-depth discussion on “Future of FPT AI.” The event was attended by FPT’s executive board, leaders of member companies, and top AI experts within the corporation.

According to Chung Ta – FPT’s internal news source, Mr. Binh believes that by 2035, the corporation must aim to have one million AI consultants. This ambitious goal is set against the backdrop of the rapid development of AI, where “the work we do today may not exist tomorrow.”

AI has accelerated the growth of consulting companies, with some reaching the one-billion-dollar mark in just three years. In contrast, FPT Software took two decades to achieve this milestone. “Due to the ‘danger’ it poses, we must act with utmost determination,” emphasized Mr. Binh during the discussion.

In reality, FPT has been researching and developing AI products for almost a decade. The corporation currently offers over 20 AI technology solutions within its ecosystem, serving 100 domestic and international businesses and more than 20 million end-users. FPT has also expanded its collaborations with leading AI research institutes and companies, including Mila Institute in Canada and Landing AI in the US. Recently, FPT made headlines with its strategic partnership with NVIDIA, the world’s largest chip manufacturer.

The announcement of the comprehensive strategic partnership between FPT and NVIDIA.

But the biggest investment, something FPT has never done before, is allocating 200 million USD to build an AI Factory in Vietnam. We are establishing AI laboratories in Singapore and Silicon Valley, collaborating with world-renowned masters like Yoshua Bengio and Andrew Ng. FPT saves every penny, but we are making this bold bet because we believe in AI!” affirmed Mr. Binh.

To achieve this grand vision, the FPT Chairman set a specific direction for each employee: to increase labor productivity by 30%.

You can pursue further education and transform the way you work. If you used to handle three tasks, today you should manage ten, or at least four. We must research and work together. Every FPT employee must become an AI expert, every FPT leader must be an AI leader, every FPT unit must embrace AI, and every FPT product and service must be AI-driven. Everything must be AI!” he declared.

Back in April 2024, during FPT Corporation’s Annual General Meeting of Shareholders, AI was one of the five keywords that Mr. Binh highlighted as “historically decisive for humanity in the past three-quarters of a century and will continue to shape the remaining one-quarter.”

In FPT’s 2023 Annual Report, Mr. Binh asserted, “The coming years will be a landmark for FPT in the field of AI.”

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