Translated with AI from the Russian original.

Armenia is gradually transitioning from an agrarian economy to an industrial one, forming the basis for a post-industrial innovation society. This was stated by the Chairman of the Central Bank of the country, Martin Galstyan, in the Banking on Success podcast by Raiffeisen Bank. According to him, the technology sector, artificial intelligence, and export-oriented services play a key role in this transformation.

As Galstyan noted, research centers in Armenia have been opened by NVIDIA, Synopsys, EPAM, Adobe, and other technology companies. He stated that the largest AI infrastructure center in the region is already operating in the country, with an investment of $500 million. Another $4 billion is planned to be invested within the framework of the Firebird project in cooperation with NVIDIA. The head of the Central Bank believes that such initiatives indicate qualitative changes in the country's technological ecosystem and can strengthen its position in the international services market.

Armenia also has specialists in chip design and a significant number of IT personnel, but the development of AI requires them to master new areas, including deep learning. Galstyan also emphasized the importance of the Armenian diaspora, especially representatives of the technology industry in California and Silicon Valley. Among them, he mentioned Noubar Afeyan, co-founder of Moderna and founder of the investment company Flagship Pioneering, noting that such connections help develop an innovative environment in Armenia.

Now on the front page

Armenian Firebird included in the list of largest AI cloud companies at Nvidia presentation

Armenian Firebird included in the list of largest AI cloud companies at Nvidia presentation

Jensen Huang mentioned the Armenian company at the GTC conference in Berlin

Nvidia CEO Jensen Huang Visited TUMO Center in Kazakhstan

Nvidia CEO Jensen Huang Visited TUMO Center in Kazakhstan

In Astana, he learned about the development of the Armenian educational model

Old Zvartnots Terminal in Yerevan to be Revived

Old Zvartnots Terminal in Yerevan to be Revived

The 1982 airport building is planned to be converted into a passenger terminal

Armenia and US Discuss Construction of New Nuclear Power Plant

Armenia and US Discuss Construction of New Nuclear Power Plant

Appointment of New Head of Project Company Expected to Accelerate Preparation for Construction

Armenia proceeds to practical implementation of TRIPP project: infrastructure design begins

Armenia proceeds to practical implementation of TRIPP project: infrastructure design begins

Railway, road, and energy routes are being developed in Syunik Province

Armenian Economy Grew

Armenian Economy Grew

Martin Galstyan spoke about the country's economic surge over five years

Armenia Leads International AI Project with Budget Over €4.2 Million

Armenia Leads International AI Project with Budget Over €4.2 Million

Consortium of 13 Scientific and Educational Organizations to Unite Seven Countries

Armenia Appoints New Head of Nuclear Power Unit Construction Company

Armenia Appoints New Head of Nuclear Power Unit Construction Company

Garik Nalbandyan will participate in the preparation of the new NPP project

A new 2.4 km tunnel to be built near Dilijan

A new 2.4 km tunnel to be built near Dilijan

The new facility will be equipped with safety systems, and the tunnels will be connected by passages every 500 meters

Armenian educational centers TUMO and ArMath may appear in Kyrgyzstan

Armenian educational centers TUMO and ArMath may appear in Kyrgyzstan

Yerevan and Bishkek will also expand cooperation in AI and digital technologies

Armenia implements CATL battery-based energy storage systems

Armenia implements CATL battery-based energy storage systems

Auto Gallery expects to provide services for their maintenance, extension of service life, and subsequent disposal

Profal to invest $10 million in production in Armenia

Profal to invest $10 million in production in Armenia

The company will create 100 jobs and expects to increase exports