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Investment sought for AI development in Vietnam

To benefit from Artificial Intelligence (AI), Vietnam needs to invest in the AI ecosystem in different factors and fields, including computer hardware and software, cloud computing, data, machine learning algorithms, AI applications, user markets, and regulatory systems, said Torus.AI (Torus Actions) Company's Director - Distinguished Professor of Mathematics, University of Toulouse Nguyen Tien Dung.
Investment sought for AI development in Vietnam ảnh 1Illustrative photo (Photo: vneconomy.vn)

Hanoi (VNA)🌳 – To benefit from Artificial Intelligence(AI), Vietnam needs to invest in the AI ecosystem in different factors andfields, including computer hardware and software, cloud computing, data, machinelearning algorithms, AI applications, user markets, and regulatory systems,said Torus.AI (Torus Actions) Company's Director - Distinguished Professor ofMathematics, University of Toulouse Nguyen Tien Dung.

Speaking at a talk “Investment for AI: Opportunities forVietnam” held by Tia Sang Magazine on May 7, Dung said that AI is an industrythat opens up a lot of career opportunities for people and students at home andabroad. In the race for AI research and development, the industry is predictedto generate more than 15 trillion USD, equivalent to more than 10% of the worldeconomic output annually from 2030. Vietnam now has economic and scientific potential, especiallysince the country has well-trained young AI researchers and it is ranked secondin Southeast Asia in terms of a number of AI patents. However, the weakness of Vietnam is that the new data andcomputing infrastructure is at an early stage. Although there is a lot of data, the data is scatteredeverywhere and it needs to be processed and standardised, he said. Suggesting a development strategy for Vietnam through 12 aspectsof the AI economy, Dung emphasised that to benefit a lot from AI,Vietnam must invest heavily in the AI ecosystem in many different factors andfields including computer hardware and software, cloud computing, data, machinelearning algorithms, AI applications, user markets, and regulatory systems. Every field is necessary and has many opportunities, but eachindividual, organisation, and country needs to choose the fields in which theyhave advantages, few barriers, and the easiest to create surplus value, Dungsaid, adding that it also needs to keep learning, cooperating and importingtechnologies to overcome its shortcomings. According to the National Strategy on Research, Development, andApplication of Artificial Intelligence (AI) to 2030 issued under DecisionNo.127/QD-TTg dated January 26, 2021, of the Prime Minister, Vietnam sets a target of turning AI into a spearhead technology and gradually becoming abright spot in AI in the region and the world./.
VNA

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