The US and Vietnam fashioned enterprise offers and partnerships value billions of {dollars} to advance cooperation in synthetic intelligence (AI) applied sciences and others, in response to remarks from a joint press convention on Sept. 11.
U.S. President Joe Biden stated the transfer is a proper “upgrading” of the connection between the 2 nations and highlights crucial sectors, together with cloud computing, semiconductors and AI.
“We’re deepening our cooperation on crucial and rising applied sciences, notably round constructing a extra resilient semiconductor provide chain.”
He continued by saying he expects the financial partnership to “spur” extra commerce and funding between the nations. Nevertheless, he didn’t fail to mention that the transfer is “not about containing China,” however fairly about having a “secure base” within the area.
Heads of main firms within the house, similar to Google, Intel, Boeing, Amkor, Microsoft and Nvidia, had been additionally in attendance.
That is along with different offers struck by Boeing and one other by Amkor, which plans to open a brand new manufacturing unit close to the Vietnamese capital metropolis of Hanoi. Starting in October of this yr, it is going to assemble, bundle and take a look at AI chips, in response to an announcement from the White Home.
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In accordance with data from Acclime, a regional company providers supplier in Asia, Vietnam is among the world’s fastest-growing economies, rating thirty fourth worldwide with a gross home product of $450 billion.
It has additionally not too long ago shifted from centralized financial management to being extra open, which has allowed the U.S. to turn out to be one in all its largest export markets.
This latest AI-focused deal has reportedly raised the U.S. two ranges in Vietnam’s bilateral hierarchy ties. Up to now, this spot was occupied by China, Russia, India and South Korea.
Furthermore, ties with the U.S. had been beforehand stifled resulting from not desirous to upset China and a tumultuous relationship because of the battle.
These developments out of Vietnam come as governments around the world vie to provide and deploy high-level AI techniques, notably between the U.S. and China.
In October 2022, the Biden administration issued an export ban to China on the newest, strongest semiconductor chips coming from the U.S., which they’re contemplating tightening.
China’s new AI regulation was set in August. After the brand new legal guidelines went into impact, over 70 AI models have been released with over a billion parameters.
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