ArmInfo. Our cooperation with Armenia will help lay the foundation for the development of artificial intelligence (AI) in the region. This was stated by Jensen Huang, founder and CEO of one of the leading American technology companies NVIDIA.
Noting that AI factories are the infrastructure of the 21st century, he emphasized that the opening of such an institution in Armenia will open up new opportunities for innovation and economic growth in the South Caucasus.
Yesterday it became known that an AI factory worth $500 million will be built in Armenia, which is a joint initiative of the Armenian government and NVIDIA. Within the framework of the project, the launch of which is scheduled for 2026, thousands of NVIDIA 3D printers will be deployed, and an infrastructure with a capacity of more than 100 megawatts will be created. On this occasion, the Minister of High-Tech Industry of Armenia Mkhitar Hayrapetyan noted that these are strategic investments for the long-term technological progress of our country.
NVIDIA Corporation is an American technology company founded in 1993 and headquartered in Santa Clara, California. Initially, NVIDIA specialized in graphics processing units (GPUs) and video cards for gaming computers. Its breakthrough was the GeForce line of graphics processors, which has become the de facto standard in the computer gaming industry since the late 1990s. Over time, the company expanded its scope of activities and became one of the world leaders in high-performance computing, artificial intelligence (AI), machine learning, and cloud solutions.