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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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Kazakhstan rebuffs talk of joint EAEU response to Western sanctions

Kazakhstan rebuffs talk of joint EAEU response to Western sanctions

The government of Kazakhstan, in a statement issued on Saturday (5 June) rebuffed the idea of such a joint response raised last week by Russian deputy foreign minister Alexander Pankin who said that the Eurasian Economic Union (EAEU), which brings together Belarus, Kazakhstan, Russia, Armenia and Kyrgyzstan, was working on a “consolidated response” to Western sanctions against some of its members.
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After Brexit, UK seeks trade deals with Gulf states

After Brexit, UK seeks trade deals with Gulf states

British International Trade Secretary, Liz Truss, says that the British government is looking at a possible trade deal with Gulf states starting with an investment tie-up with the UAE for an amount of £5 billion ($7.06bn). 
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EU celebrates Europe Day with a declaration outlining ambitious social agenda

EU celebrates Europe Day with a declaration outlining ambitious social agenda

This year, faced by the challenges of the pandemic and its social and economic consequences, European leaders meeting at an informal summit in Porto, hosted by the current Portuguese Presidency of the EU, focused on social issues, including on how to ensure an inclusive recovery, with education and skills at the heart of the EU's political action.
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EU puts new Investment Agreement with China on hold

EU puts new Investment Agreement with China on hold

The European Commission will stop efforts to approve the Comprehensive Agreement on Investment (CAI) between China and the European Union (EU). European Commissioner for Trade, Valdis Dombrovskis, said that approval for the CAI is complicated due to recent EU-China relations.