Qualcomm acquires VinGroup's AI company.

VinAI is part of the Vingroup ecosystem. Photo: VinAI.

On the morning of April 2nd, Qualcomm announced on its official website that it has acquired a stake in VinAI. This is the next step in the American company's plan to expand its artificial intelligence capabilities. The value of the transaction was not disclosed. Dr. Bui Hai Hung, the founder and CEO of VinAI, will also be joining Qualcomm.

In a press release, the American chipmaker announced the acquisition of MovianAI Artificial Intelligence Research and Application Joint Stock Company, formerly the AI generation division of VinAI, part of the Vingroup ecosystem. On the Vietnamese side, the company stated in its press release that it had sold 65% of MovianAI's capital. In 2024, Vingroup split VinAI into two legal entities, including MovianAI. They own 65% of the capital in the newly established company.

“This acquisition reaffirms our commitment to dedicating essential resources to R&D, transforming the company into a driving force behind the next wave of AI innovation. By attracting highly qualified talent from VinAI, the group strengthens its capabilities, benefiting a wide range of industries and users,” said Jilei Hou, Senior Vice President of Engineering at Qualcomm.

The chipmaker also highlighted the role of Mr. Bui Hai Hung, introducing the leader of VinAI as a former expert at Google DeepMind, possessing high expertise in the field. Qualcomm called Mr. Hung someone capable of " world- class research, pushing the boundaries of feasible AI models."

“We are ready to contribute to Qualcomm’s mission of creating breakthroughs in fundamental AI research and scaling them across industries, including smartphones, PCs, software-controlled vehicles… Our team’s expertise in generative AI and machine learning will help accelerate the development of innovative solutions that could change the way we live and work,” said Dr. Bui Hai Hung.

This is the latest acquisition involving an AI subsidiary of Vingroup. Previously, Nvidia acquired VinBrain, a company in the field of artificial intelligence applied in healthcare . The deal was announced when CEO Jensen Huang visited Vietnam in late 2024.

Qualcomm is a leading American chip manufacturer. They are famous for their Snapdragon SoC series, which appears in flagship Android phones. In 2024, the company expanded into the computing sector with the Snapdragon X chip.

Source: https://znews.vn/qualcomm-thau-tom-cong-ty-ai-cua-vingroup-post1542580.html