Venture capital funding for AI projects increased from around $14 million to $73 million during the period, with artificial intelligence accounting for more than half of all venture capital investments in Kazakhstan. According to available data, AI adoption is expected to contribute an additional 0.5% to 2% to annual GDP growth in the medium term by improving productivity in more than half of all jobs.
“Kazakhstan is implementing a comprehensive and institutional AI strategy, including the preparation of a specialized law on artificial intelligence, the creation of a national AI platform, the development of sovereign IT, support for master’s programs in the Kazakh language, the launch of the Alem.ai international AI center and large-scale human capital development programs. As a result, about 1 million people have received AI training by 2025, and the goal is to equip 5 million citizens with basic and advanced AI skills by 2030,” Vice said. » said Minister of AI and Digital Development Dmitry Mun.
Most Kazakh AI startups focus on applied B2B solutions and operate in domestic and international markets, with the highest concentration in enterprise AI and business automation, Industry 4.0, MarTech, EdTech and MedTech. The ministry noted that last year the ecosystem reached a key milestone with the emergence of its first AI UnicornHiggsfield AI, as well as the largest Bridge and Series A investment transactions recorded in the country’s AI sector.
Earlier, Qazinform News Agency reported on local AI startups that have the potential to become unicorns, according to the President of Kazakhstan.