United States and Vietnam Forge Multi-Billion Dollar AI Partnerships to Strengthen Cooperation
Summary:
The United States and Vietnam have formed business deals and partnerships in the field of artificial intelligence (AI) technologies, aiming to strengthen cooperation and promote trade and investment between the two countries. Major companies including Google, Intel, Boeing, Microsoft, and Nvidia have participated in this collaboration, which focuses on critical sectors such as cloud computing and semiconductors. The aim is to build a more resilient semiconductor supply chain and establish a stable base in the region. Vietnam's growing economy and shift towards openness have made the United States one of its largest export markets. This partnership signifies an elevation of bilateral ties between the two nations.
The United States and Vietnam have announced the formation of business deals and partnerships worth billions of dollars aimed at advancing cooperation in artificial intelligence (AI) technologies and other sectors. U.S. President Joe Biden described this move as a formal "upgrading" of the relationship between the two countries, with a focus on critical areas such as cloud computing, semiconductors, and AI. The aim is to strengthen the semiconductor supply chain and foster more trade and investment between the nations. Biden made it clear that this collaboration is not about containing China but about establishing a stable base in the region. The joint press conference was attended by heads of major companies including Google, Intel, Boeing, Amkor, Microsoft, and Nvidia. Boeing has also struck a separate deal, while Amkor plans to open a new factory near Hanoi to assemble, package, and test AI chips. Vietnam, known for its fast-growing economy, has recently transitioned to a more open economic model, making the United States one of its largest export markets. This AI-focused partnership with the U.S. has elevated their bilateral hierarchy ties. Previously, China, Russia, India, and South Korea occupied this position. These developments come at a time when various governments are competing to develop and deploy advanced AI systems, particularly between the U.S. and China. In October 2022, the Biden administration imposed an export ban on high-powered semiconductor chips going to China, and they are considering further tightening restrictions. Additionally, China recently implemented new AI regulations, leading to the release of over 70 AI models with billions of parameters.
Published At
9/12/2023 11:33:19 AM
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