Nvidia acquires artificial intelligence company VinBrain

On December 6th, Reuters reported, citing an announcement from Nvidia, that the corporation had acquired VinBrain, a healthcare startup belonging to Vingroup . The value of the deal was not disclosed.

Nvidia's acquisition of VinBrain was finalized during Nvidia CEO Jensen Huang's visit to Vietnam.

Previously, CEO Jensen Huang stated his desire to expand partnerships with leading Vietnamese technology companies and support human resource training to develop artificial intelligence (AI) technology and digital infrastructure.

Nvidia CEO Jensen Huang at an event on the evening of December 5th in Hanoi . (Photo: VGP)

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According to Jensen Huang, Nvidia was fortunate to have a partnership with Vingroup when it acquired VinBrain, a startup in the artificial intelligence field from the group.

"This is an extraordinary and amazing startup in Vietnam. With VinBrain, we now have the starting point for a large-scale future design center," shared Nvidia's CEO.

As of September 30th, Vingroup had invested over $126 million in the startup VinBrain. Vingroup also recognized VinBrain as an associate company with an ownership stake of over 49.7%. Both its voting rights and beneficial ownership stake were at 49.74%.

VinBrain is presented as a pioneering company in developing artificial intelligence applications for the healthcare sector. The company has been deploying new technology solutions in over 182 hospitals in Vietnam, the US, India , Australia, and other countries, helping healthcare professionals improve their work efficiency.

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Tra Khanh (Source: Reuters)

Source: https://vtcnews.vn/nvidia-mua-cong-ty-tri-tue-nhan-tao-vinbrain-ar911799.html