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VinBrain
Wara Samar

12th December 2024

NVIDIA Acquires VinBrain: A Strategic Move to Boost AI in Healthcare

In a significant development for the tech and healthcare sectors, NVIDIA, the American technology giant known for its advancements in AI and graphics processing, has announced its acquisition of VinBrain, a start-up under Vingroup that specializes in AI-driven medical products. This acquisition is poised to strengthen NVIDIA’s position in the AI healthcare space, furthering the company’s mission to integrate artificial intelligence in medical practices across the globe.

Strengthening Ties with Vietnam

The acquisition of VinBrain comes shortly after NVIDIA’s strategic partnership with the Vietnamese Government. On December 5, 2024, NVIDIA signed an agreement to establish two AI research and data centers in Vietnam, marking a major milestone in the company’s expansion efforts in Southeast Asia. Jensen Huang, CEO of NVIDIA, expressed excitement over the acquisition, noting the company is “very lucky” to collaborate with both Vingroup and VinBrain. Huang further stated that NVIDIA plans to develop VinBrain into a leading design center in Vietnam, tapping into the country’s growing technological potential.

VinBrain’s Role in AI Healthcare

VinBrain, an affiliate of Vingroup, has been at the forefront of deploying AI technologies in healthcare. The start-up has provided innovative AI-based equipment and tools that have been integrated into over 182 hospitals across Vietnam, the United States, India, Australia, and other countries. These tools have helped medical professionals enhance their work efficiency and improve patient outcomes, positioning VinBrain as a key player in the intersection of AI and healthcare.

With the acquisition, NVIDIA is set to leverage VinBrain’s expertise in medical AI to drive further innovation and development in the healthcare industry. The company’s technology is expected to contribute to the creation of more advanced AI tools that support medical practitioners and patients alike.

Investment and Ownership Structure

As of June 2024, Vingroup held a 49.74% stake in VinBrain, reflecting the significant investment the conglomerate has made in the start-up. Vingroup has also invested nearly US$5 million (VNĐ126.6 billion) into VinBrain to foster its growth. The terms and financial details of the acquisition have not been disclosed, but the strategic move is seen as a major step in NVIDIA’s commitment to expanding its AI capabilities globally.

New AI Research and Data Centers in Vietnam

Alongside the VinBrain acquisition, NVIDIA’s agreement with the Vietnamese Ministry of Planning and Investment to establish a Research and Development Centre and AI Data Centre underscores the company’s investment in the country’s growing technological landscape. These centers are expected to significantly enhance Vietnam’s AI and technological capabilities, creating more opportunities for collaboration, innovation, and talent development.

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