Firebird AI to Launch $170 Million Investment Program in Armenia

Armenia's government has approved the investment program of Firebird AI, which will be exempt from import customs duties. The project aims to create a supercomputer and data processing center in Kotayk province, specializing in AI solutions and high-performance computing.

The investment will total approximately 170 billion dram, with allocations of 5.7 billion dram for construction, 139.8 billion dram for acquiring fixed assets, and 24.5 billion dram for raw materials. By 2030, the program anticipates generating 40 new jobs with an average monthly salary of 400,000 dram. The customs duty exemption is valued at 2.6 billion dram.