ALMATY, Jan. 28 (Xinhua) -- Venture investment in artificial intelligence (AI) projects in Kazakhstan rose from approximately 14 million to 73 million U.S. dollars between 2023 and 2025, a new report showed Wednesday.
According to the Kazakhstan AI Country Report presented in Astana, AI now accounts for more than half of all venture investment in the country, with over 100 AI startups currently operating in Kazakhstan.
The report was prepared by the analytical agency RISE Research in partnership with Mastercard and Freedom Bank, with support from Kazakhstan's Ministry of Artificial Intelligence and Digital Development.
Kazakhstan is entering a new stage of development, shifting from digitalization to large-scale AI adoption, said the report, adding that AI is viewed as a key driver of economic growth and a tool for strengthening the country's international competitiveness.
AI adoption could generate an additional 0.5 percent to 2 percent increase in Kazakhstan's GDP annually in the medium term by boosting productivity across more than half of all jobs, according to the authors' estimates. ■