A public AI cloud is being launched in Armenia, with the first phase of investment amounting to $70 million
20.03.2026,
13:51
The Eleveight AI project is in the launch phase in Armenia, and discussions are underway with banks and fintech companies to implement various products, Arman Aleksanyan, co-founder and CEO of Eleveight AI, told ARKA news agency.
YEREVAN, March 20. /ARKA/. The Eleveight AI project is in the launch phase in Armenia, and discussions are underway with banks and fintech companies to implement various products, Arman Aleksanyan, co-founder and CEO of Eleveight AI, told ARKA news agency.
"This is a public cloud focused on artificial intelligence tasks, powered by the latest generation of Nvidia GPUs," he said.
According to Aleksanyan, such a high-tech base will catalyze the development of financial technologies, among other fields.
He also reported that the project has been technically completed: it is located in Gagarin, near Lake Sevan.
"The equipment is already in Armenia, and assembly and testing are currently underway. The opening is expected soon," he added.
Aleksanyan noted that the project will expand in stages, with the first phase of investment amounting to approximately $70 million.
The full interview can be found at this link.
"This is a public cloud focused on artificial intelligence tasks, powered by the latest generation of Nvidia GPUs," he said.
According to Aleksanyan, such a high-tech base will catalyze the development of financial technologies, among other fields.
He also reported that the project has been technically completed: it is located in Gagarin, near Lake Sevan.
"The equipment is already in Armenia, and assembly and testing are currently underway. The opening is expected soon," he added.
Aleksanyan noted that the project will expand in stages, with the first phase of investment amounting to approximately $70 million.
The full interview can be found at this link.
