Firebird AI’s “AI Factory” Launched in Armenia

In March of this year, Evocabank, together with five other financial institutions, joined the $300 million funding initiative for Firebird AI's "AI Factory," one of the major AI infrastructure projects in Armenia.

Today, just a few months later, we are already seeing the results of this financing. The AI Factory was officially opened in Hrazdan, becoming one of the largest artificial intelligence centers in the region.

Firebird AI’s Factory is designed to create new opportunities for the development of artificial intelligence and high technologies in Armenia by providing substantial computing resources to research institutions, technology companies, and businesses.

Following the launch of the project’s second phase, the total investment is expected to reach approximately USD 5 billion, positioning Armenia among the top 5 leading countries in the sector worldwide.

Evocabank continues to support major projects aimed at developing Armenia's economy and technology sector by participating in initiatives that create new opportunities for business, science, and innovation.