Vahan Kerobyan: Our companies should be the first, not the last,  adopters of AI

ArmInfo. Our companies should be the first,  not the last adopters of  Artificial Intelligence(AI) , Armenian Minister of Economy Vahan Kerobyan stated during the opening of the "AI for Business" forum.

He noted that artificial intelligence has a turning point, both for  the economy and for humanity; moreover, AI is a powerful factor for  increasing labor productivity, which is in tune with the main goal of  the Ministry of Economy.

"I urge the business community to consider this forum as a good  opportunity in the context of taking steps to increase productivity,  modernization and competitiveness," Kerobyan said.

He recalled that last week the government decided to subsidize loans  and provide grants to traditional enterprises that want to go in the  direction of digital transformation, including the use of artificial  intelligence tools.

The organizer of the forum is the Ministry of Economy of Armenia. The  AI For Business conference has brought together leading IT  specialists and experts in Yerevan to study modern artificial  intelligence strategies. Speakers at the forum include CEO and  founder of Embodied, Inc. Paolo Pirjanian, McKinsey & Company partner  Leonid Kirakosyan and ABBYY founder and Board Director David Yang.