In a significant move to establish Central Asia as a hub for artificial intelligence, Freedom Holding Corp. has entered a major agreement with the Ministry of Artificial Intelligence and Digital Development of the Republic of Kazakhstan. The partnership will see the development of a $2 billion Sovereign AI Hub, which will be operated by Freedom Holding Corp. and powered by sovereign exascale NVIDIA AI infrastructure, marking a pivotal step in the nation's strategic AI initiative.
Freedom Holding Corp. will develop a $2 billion Sovereign AI Hub in Kazakhstan.
The hub will be powered by NVIDIA's sovereign exascale AI infrastructure.
It aims to accelerate Kazakhstan's and Central Asia's leadership in artificial intelligence.
The facility is planned for a site with 100 MW of available power capacity.
The Kazakhstan Ministry of AI will support the hub with favorable operating conditions.
This initiative is a core part of implementing Kazakhstan's national AI strategy.
The strategic initiative is designed to create a foundational AI ecosystem for the region. Freedom Holding Corp. will serve as the principal financing and implementation partner for the project. The Ministry of Artificial Intelligence and Digital Development will facilitate the venture by ensuring favorable conditions for hosting and operating large-scale AI systems and will lead complementary talent development programs to cultivate a local AI workforce.
The planned AI Hub is slated for a location in Kazakhstan with 100 MW of available power, underscoring the significant computational scale of the project. This infrastructure is intended to serve as a catalyst for economic and technological advancement. Zhaslan Madiyev, Deputy Prime Minister and Minister of Artificial Intelligence and Digital Development, stated, "Working with NVIDIA is an important step in implementing Kazakhstan's national AI strategy. We are building the foundation of a sovereign AI ecosystem that will strengthen our economy, enhance competitiveness, and unlock new opportunities for the entire region."
The project represents a transformative expansion for Freedom Holding Corp. beyond its core financial services. Timur Turlov, CEO of Freedom Holding Corp., said, "We are excited to be part of this transformative initiative to strengthen Kazakhstan's position in the global AI landscape. By combining our expertise with NVIDIA's advanced technologies and the visionary support of the Ministry, we aim to build a robust foundation for AI innovation and drive long-term growth throughout the entire Central Asian region."
This collaboration positions Kazakhstan to become a central node for AI computation and innovation, aiming to drive long-term economic diversification and technological sovereignty for itself and the wider Central Asian region.
About Freedom Holding Corp.
Freedom Holding Corp. provides financial services in 21 countries, including Kazakhstan, the United States, Cyprus, Poland, Spain, Uzbekistan, and Armenia. The Company's principal executive office is located in New York City. In Kazakhstan, Freedom is actively developing its financial and digital ecosystem, which includes Freedom Bank, Freedom Broker, the insurance companies Freedom Life and Freedom Insurance, as well as a lifestyle segment that features Arbuz.kz, Freedom Ticketon, and Aviata. Freedom Holding Corp. shares are traded on the U.S. technology exchange NASDAQ, the Kazakhstan Stock Exchange (KASE), and the Astana International Exchange (AIX) under the ticker symbol FRHC. Freedom Holding Corp. is regulated by the U.S. Securities and Exchange Commission (SEC) and is a member of the Russell 3000 Index.
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