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Artsvik Davtyan

Nare Petrosyan

$500 Million for an AI Factory: What Armenia Stands to Gain

A US$500 million AI factory is set to be built in Armenia in a collaboration between Firebird, NVIDIA, Team Group and the Government of Armenia. This will establish the region's first large-scale AI facility.

Hetq spoke with the key figures behind the project. Our guests are Firebird co-founders Razmig Hovaghimian and Aleksandr Yesayan, along with Rev Lebaredian from NVIDIA.

#Artifical Intelligence

Comments (1)

John
Is this a high school interview? Maybe it's a PR piece for these AI guys and their companies. What it isn't is a critical interview. The interviewer rarely pushes back on the rosy predictions made by these three AI proponents. Who is going to pay for the huge amounts of electricity needed to implement this? Many lawmakers in the U.S. and elsewhere have sounded the alarm that the costs will be passed on to the average consumer. AI data centers, while crucial for advancements in artificial intelligence and other digital services, come with several potential downsides, primarily concerning energy consumption, environmental impact, water usage, and community concerns. Hetq should investigate further and provide a more balanced interview on this project. Bring in some people who take a more critical approach!!! The title should have read: "$500 Million for an AI Factory: What Armenia Stands to Gain and Lose"

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