Latest news with #TeamGroup
See - Sada Elbalad
3 days ago
- Business
- See - Sada Elbalad
Armenia to Launch $500M AI Factory with NVIDIA
By Ahmad El-Assasy In a bold step toward becoming a global hub for artificial intelligence, Armenia has announced the construction of a $500 million AI factory in partnership with U.S. tech giant NVIDIA, investment group Firebird, and Team Group. The facility, set to be the largest AI initiative in the region, is scheduled to begin operations by 2026. Minister of High-Tech Industry Mkhitar Hayrapetyan described the initiative as a 'historic leap' for Armenia, positioning the country as a key innovator in the global AI revolution. 'This is not just progress — it's a transformative leap. Armenia is stepping into the global AI revolution as a creator, builder, and leader,' Hayrapetyan said. A Regional AI Powerhouse The AI facility will be equipped with thousands of NVIDIA Blackwell GPUs and backed by over 100 megawatts of infrastructure power, making it one of the most advanced in Eastern Europe and the Caucasus. More than just a data center, the project will serve as a comprehensive AI research, education, and innovation hub, empowering Armenian engineers, scientists, and students to drive digital transformation at home. NVIDIA CEO Jensen Huang stated: 'AI factories are the infrastructure of the 21st century. Our collaboration with Armenia will help build critical capabilities and unlock new economic and technological opportunities across the region.' Creating Jobs and Driving Innovation The project is expected to create thousands of high-skill jobs, attract foreign investment, and reverse the brain drain trend by providing local opportunities for Armenia's brightest minds. The Armenian government sees this as a strategic investment in long-term prosperity. Firebird co-founder and CEO Razmig Hovaghimian called it a 'launchpad for innovation': 'From Armenia to the world, we're building a platform for robotics, science, and AI development in partnership with top global universities.' Team Group, which runs Armenia's national telecom operator "Team Telecom Armenia" and is a stakeholder in Georgia's SkyTel, will provide the digital infrastructure and expertise needed to bring the project to life. 'This is a testament to Armenia's potential to become a regional leader in information technology and AI,' said Team Group co-founder Alexander Yesayan. Global Partnerships, Local Impact The Aviean Foundation, led by Noubar Afeyan, CEO of Flagship Pioneering, will also join as a founding investor and strategic advisor to Firebird. Afeyan emphasized the need for long-term global collaboration in making Armenia a visible player in the AI ecosystem. U.S. Ambassador to Armenia Kristina Kvien welcomed the initiative: 'We are excited about the potential for U.S. AI and tech exports to accelerate Armenia's innovation economy. Companies like NVIDIA are ideal partners for Armenia's transformation.' This landmark project reflects a strong synergy between government policy, private tech leadership, and global cooperation — all aimed at establishing Armenia as a vital AI and digital hub in the region. read more Gold prices rise, 21 Karat at EGP 3685 NATO's Role in Israeli-Palestinian Conflict US Expresses 'Strong Opposition' to New Turkish Military Operation in Syria Shoukry Meets Director-General of FAO Lavrov: confrontation bet. nuclear powers must be avoided News Iran Summons French Ambassador over Foreign Minister Remarks News Aboul Gheit Condemns Israeli Escalation in West Bank News Greek PM: Athens Plays Key Role in Improving Energy Security in Region News One Person Injured in Explosion at Ukrainian Embassy in Madrid News China Launches Largest Ever Aircraft Carrier Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer Lifestyle Get to Know 2025 Eid Al Adha Prayer Times in Egypt Business Fear & Greed Index Plummets to Lowest Level Ever Recorded amid Global Trade War Arts & Culture Zahi Hawass: Claims of Columns Beneath the Pyramid of Khafre Are Lies News Flights suspended at Port Sudan Airport after Drone Attacks News Shell Unveils Cost-Cutting, LNG Growth Plan Videos & Features Video: Trending Lifestyle TikToker Valeria Márquez Shot Dead during Live Stream Technology 50-Year Soviet Spacecraft 'Kosmos 482' Crashes into Indian Ocean News 3 Killed in Shooting Attack in Thailand
Yahoo
27-02-2025
- Business
- Yahoo
The 3rd China-ASEAN Innovation and Entrepreneurship Competition is now recruiting
KUALA LUMPUR, Malaysia, Feb. 27, 2025 /PRNewswire/ -- In collaboration with ASEAN Secretariat, the Ministry of Science and Technology of the People's Republic of China will host the 3rd China-ASEAN Innovation and Entrepreneurship Competition. Recently, the organizing committee of the competition, together with TusStar Malaysia,has successively conducted multiple promotional events and competitions in ASEAN countries such as Thailand, Indonesia, Malaysia, Vietnam, and Singapore, receiving enthusiastic responses from universities, innovation institutions, and science parks. Welcome to join this international competition, showcase your entrepreneurial talent, and win generous prizes and honors! Reason Authoritative Endorsement: A national-level competition that bridges innovative resources between China and ASEAN. Substantial Incentives: Total prize exceeding with RMB 500,000. Global Exposure: Winning projects will gain international media spotlight, investment matchmaking, and support for market entry in ASEAN. Fields The Competition focuses on green and low-carbon technologies, as well as AI+ innovations across various fields, including but not limited to: energy conservation and environmental protection, new energy, new energy vehicles, new materials, carbon neutrality technologies, circular economy, and more. Awards Awards for Team Group A total of the 6 entries will be awarded prizes and certificates of honor, namely 1 first prize with an award of RMB 50,000, 2 second prizes with RMB 30,000 each, and 3 third prizes with RMB 10,000 each. Awards for Enterprise Group A total of the 6 entries will be awarded prizes and certificates of honor, namely 1 first prize with an award of RMB 50,000, 2 second prizes with RMB 30,000 each, and 3 third prizes with RMB 10,000 each. Creativity Star A total of the 8 entries from Team Group and Enterprise Group ranked 13th to 20th in the Final will be awarded prizes and certificates of honor, with an award of RMB 4,000 each. Cooperation Star A total of the top 8 entries from Team Group or Enterprise Group that do not advance to the Final, while demonstrating China-ASEAN cooperation, will be awarded prizes and certificates of honor, with an award of RMB 4,000 each. Participation Method： You may find more information and download registration form through the following link: Please send all the registration materials to the mailbox caiec2022@ (CC:caiecserviceteam@ The Final of the competition will be held tentatively in July 2025 in Kuala Lumpur, Malaysia From Startup to Success, the competition will provide you with comprehensive support and opportunities to showcase your talents. Take Your Business to the Next Level. Seize the Opportunity and Register Now! View original content to download multimedia: SOURCE TusStar Sign in to access your portfolio
