“The mindset of having to invest from abroad is to have value, but if we invest ourselves, we won’t be able to (oops – PV) is the mindset of an employee, the mindset of the weak” – Mr. Do Cao Bao opened the article – ” Yes, that is the thinking of many of us Vietnamese for a long time. That thinking is so deep that when FPT and NVIDIA announced an investment of 200 million USD to create an AI center in Vietnam, establishing an artificial intelligence center in Vietnam. That means a lot of people focus on “How much NVIDIA invests, how much FPT invests”, “Oh, what do you think, FPT invests everything, turns out FPT buys NVIDIA stuff, turns out FPT is a customer of NVIDIA, so then no nudge”.
According to Mr. Bao, if we consider the FPT – NVIDIA AI center in Vietnam as a start-up company, if NVIDIA invests 100%, it means that in the future 100% of the profits of the Vietnam AI center will belong to NVIDIA, while If NVIDIA invests 50%, then 50% of the profits will belong to NVIDIA. Conversely, if FPT invests 100%, then the profits will belong to FPT 100%. That is a very clear principle of business cooperation, investment, and capital contribution.
A member of the Board of Directors of FPT Group believes that receiving foreign investment capital has both advantages and disadvantages: the gain is capital from abroad, technology, help in management capacity and possibly the market and international customers; Loss is the loss of autonomy, control, and future profits of the company.
“When we lack capital, lack management capacity, lack markets and international customers, we need foreign investment and it is clear that receiving investment capital means we have pre-empted our own future profits. “- Mr. Bao said – “So if we have enough capital, we have people, we have enough management capacity, we have an international market, we can find international customers, we just need NVIDIA’s support.” Just technology support, we don’t need NVIDIA to participate in capital investment anymore.”
This businessman also emphasized that NVIDIA is the master of the global AI game, with the world’s largest AI ecosystem, the beating heart of the AI super cycle, many of the world’s technology giants. are having to wait 18 months to receive NVIDIA’s AI GPU chips. Not everyone wants to buy, NVIDIA also sells, they only choose partners to participate in their global AI ecosystem.
FPT Board Member Do Cao Bao – one of 13 founding members of FPT Group
Mr. Bao revealed: “In the past 10 years, FPT has only bought foreign technology companies and has bought seven American, European and Japanese technology companies. So when starting construction FPT-NVIDIA Vietnam AI center, FPT does not need anyone to invest capital, FPT only needs NVIDIA to agree to choose FPT, agree to cooperate and support FPT. What FPT cares about is “How many AI centers does NVIDIA open in Europe?” Asia, how many AI centers are in Southeast Asia, the less the better” and when NVIDIA confirmed that there were very few, FPT decided to act immediately (in Asia NVIDIA only chose 2-3 countries, each country also only choose 1-2 partners)”.
FPT Software CFO Nguyen Khai Hoan, yesterday told NVIDIA leaders “we must provide soldiers with suitable weapons”, while Dr. AI Nguyen Xuan Phong, Director of AI Artificial Intelligence of FPT Software said : “Soldiers like us who go to war already have guns”, “Whoever wants to make AI with us, come here”, “Who wants to make LVM with Andrew Ng (the world’s AI genius) for autonomous cars?” If you want to drive, come here” (Dr. Nguyen Xuan Phong’s office is in North America, so his word “who” is not just for Vietnamese people).
In short, businessman Do Cao Bao affirmed that when deciding to build an AI center in Vietnam with NVIDIA, FPT people only care about the right to cooperate with NVIDIA, how to cooperate with NVIDIA, what FPT does, What does NVIDIA do; How does FPT contribute and what role does it play in NVIDIA’s AI ecosystem globally; Who are the markets and customers, especially international markets and customers; How much sales and profit will FPT earn; Those are also the questions FPT is looking for answers to.
“To conclude the article, I would like to reiterate that “The mindset that foreign investors must invest to have value, but we cannot invest ourselves is the mindset of an employee, the mindset of the weak” and FPT people always have the mindset “We are the masters and we are sure that FPT is not weak” – Mr. Do Cao Bao concluded.
