What is the story about?
What's Happening?
KT Corporation has entered into a strategic partnership with the Viettel Group, Vietnam's largest mobile operator, to advance the country's national AI strategy. The agreement, valued at 130 billion Korean won (US$95 million), aims to accelerate AI adoption across various industries in Vietnam. The partnership will focus on developing industry-specific AI platforms, expanding AI businesses in Southeast Asia, creating a secure AI environment with AI-based cybersecurity, and developing AI talent. The collaboration includes establishing a joint venture to serve other Southeast Asian countries and conducting joint research on AI-based cybersecurity solutions to combat cybercrime.
Why It's Important?
This partnership is significant as it positions Vietnam to become a regional hub for AI development, potentially boosting its digital economy and technological capabilities. By focusing on industry-specific AI platforms, the collaboration aims to enhance sectors such as defense, media, and healthcare, contributing to Vietnam's future growth engines. The initiative also addresses cybersecurity concerns, which are crucial for protecting digital infrastructure and ensuring safe AI adoption. The partnership could lead to increased foreign investment and technological innovation in Vietnam, benefiting both local industries and the broader Southeast Asian region.
What's Next?
KT Corporation and Viettel Group plan to develop a national large language model tailored to the Vietnamese language, which will help secure the country's digital sovereignty. They will also establish a database to combat cybercrime and protect the AI ecosystem. The companies aim to nurture Vietnam as the AI hub of Southeast Asia, promoting widespread AI adoption and enabling quick responses to changing market conditions. The partnership may lead to further collaborations and investments in AI technology across the region.
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