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G42, an Abu Dhabi-based AI enterprise, is poised to spearhead the establishment of a state-of-the-art hyperscale data center in Ho Chi Minh City through a consortium with Vietnamese companies, investing a total of $2 billion. This ambitious project envisions the creation of a pioneering "AI factory," offering unparalleled high-performance computing capabilities and AI solutions that will serve Asia and beyond. To quantify the economic, employment, public service, and quality of life benefits of AI, G42 may introduce the innovative "Cloud Dividend" model. The consortium also comprises Vietnamese technology giant FPT, investment management firm VinaCapital, and Viet Thai Investment Group. While the project proposal has been submitted for approval, detailed timelines for construction and operation have yet to be disclosed.
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