The giant AI chips maker Nvidia is looking for a partnership with Gulf Energy Development Public Company Limited (SET: GULF) for AI and Cloud development in Thailand, with Jensen Huang’s visit on November 4 revealing plans to push the kingdom as the South East Asia AI Hub.
On 4 December 2024, Nvidia CEO Jensen Huang, a $3.3 billion AI chips maker, will take the stage to address the potential of the kingdom in “AI Vision for Thailand” under the theme “The First Step for Thailand Sovereign AI” at the Embassy Room, Park Hyatt Bangkok.
The Nvidia visit comes with an announcement of an investment plan to bolster Thailand as an AI innovation hub in Southeast Asia. Furthermore, Siam AI is the first Thai company that has collaborated with Nvidia under Nvidia Cloud Partner (NCP) for technological advancement, and to improve Thailand’s capability in the international scene.
GULF Teaming Up with Nvidia
The source from the artificial intelligence (AI) field revealed to “Kaohoon” that Nvidia and Gulf Energy Development are preparing for a partnership on AI and Cloud, although further details were not allowed to be discussed as of now, but it will not involve chips production.
Stocks in Focus
Nvidia’s investment plan in Thailand is currently the center of much discussion, and many expect it to come in the same direction as recent moves from Google and Microsoft. Thus the stocks that could benefit the most from the investment include WHA Corporation PCL (SET: WHA), GULF, and Advanced Info Service PCL (SET: ADVANC), while Delta Electronic (Thailand) PCL (SET: DELTA) and Light Up Total Solution PCL (SET: LTS) is expected to receive a positive sentiment from the plan.
Previously, Nvidia’s investment model in Indonesia and Malaysia was through cooperation with telecommunication and local infrastructure companies to establish AI centers. As for Thailand, the collaboration is likely to be with major companies like WHA and GULF.
Nvidia’s goal with AI is to utilize Thailand as a center for cloud service providers that use Nvidia’s GPU to power their modern AI. Moreover, Siam AI is also partnering with LTS in a project involving AI and is the first of Nvidia’s cloud partners in Thailand.
