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Armenia aims to become tech hub of South Caucasus with new AI data factory

Armenia aims to become tech hub of South Caucasus with new AI data factory

Armenia is set to host its own artificial intelligence data factory, with the project valued at $500 million and scheduled to begin operations in 2026. This investment initiative is being jointly implemented by Firebird, the Armenian government, and NVIDIA, JAMnews has reported. “FirebirdCloudAI is Armenia’s largest and most important tech investment the country’s ‘Stargate’. The idea was born when Jensen Huang, co-founder and CEO of NVIDIA, visited Yerevan in 2023. Today, it’s becoming reality. The AI factory, equipped with thousands of Blackwell GPUs, will spark innovation across Armenia,” Prime Minister Nikol Pashinyan wrote on X.
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How Armenia is trying to build a Silicon Valley in the South Caucasus

How Armenia is trying to build a Silicon Valley in the South Caucasus

In Armenia tech education starts early. In a typical three-storey state school in the suburbs of Yerevan, the Armenian capital, nine-year old Slavik is demonstrating his invention, a box with three LED lights.  Next to him, 14-year-old Eric and Narek are showing their smart greenhouse model that monitors temperature and controls fans automatically through a mobile app. Other children are enthusiastically showcasing their inventions: games, robots, apps and smart home projects. Eleven-year-old Arakel is holding his cardboard model of a house with a retractable clothesline.
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EU Commissioner Síkela visits Central Asia to promote development projects in the region

EU Commissioner Síkela visits Central Asia to promote development projects in the region

Between 12 and 18 March, European Commissioner for International Partnerships Jozef Síkela will visit the five Central Asian countries to strengthen the EU-Central Asia partnership ahead of the EU-Central Asia Summit and scale up Global Gateway, the EU’s investment strategy to boost jobs and sustainable economic growth. 
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Scammers based in Georgia conned savers out of $35m using fake celebrity ads

Scammers based in Georgia conned savers out of $35m using fake celebrity ads

An organised network operating from Georgia has scammed thousands of savers from the UK, Europe and Canada out of $35m after they fell for fake celebrity adverts on Facebook and Google. According to a report in The Guardian, Deepfake videos and fictional news reports featuring the money expert Martin Lewis, the radio DJ Zoe Ball and the adventurer Ben Fogle were used to promote fraudulent cryptocurrency and other investment schemes. The scammers are understood to have still been contacting victims in recent weeks.
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Pashinyan in Davos: Armenia’s foreign policy a balancing act between the West and Russia

Pashinyan in Davos: Armenia’s foreign policy a balancing act between the West and Russia

Speaking at the World Economic Forum in Davos, Switzerland, Armenian Prime Minister Nikol Pashinyan said Armenia has decided to adopt a foreign policy that is balanced between relations with the European Union and Russia. He added that balanced relations are also being created at the regional level notably with Iran, by establishing diplomatic relations with Turkey and concluding a peace deal with Azerbaijan. Pashinyan said this approach is not easy but also not impossible adding that Armenia is being transparent with all its international partners about its intentions. “Yes, we have decided to get closer to the European Union, but we are very intensively trying to share our position with Iran and Russia and with all our partners”, Pashinyan stated.