Artificial Intelligence, a Tool for Enhancing Armenia’s Competitiveness
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Loading... - Nicole Bennett
- 11 Mar 2025
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In an interview, Samson Avetyan, CEO of the Armenian investment company Eqwefy, emphasized the significant role that artificial intelligence (AI) can play in enhancing Armenia's competitiveness on the global stage. Avetyan articulated that leveraging advanced technologies like AI is essential for any country aiming to improve its economic standing and technological capabilities.
“Any technology that a country can leverage increases its competitiveness. In this regard, AI is another tool for strengthening Armenia's position. We must develop technologically and become more competitive,” Avetyan stated, highlighting the importance of embracing AI as a means to foster innovation and growth within the Armenian market.
When asked about the potential for creating and developing AI startups in Armenia, Avetyan expressed optimism. He noted that there have already been notable successes and promising prospects in the AI sector. This optimism is rooted in the growing interest among entrepreneurs and tech enthusiasts in Armenia, who are increasingly recognizing the opportunities that AI presents.
“Of course, there are issues related to infrastructure and the availability of hardware resources, but these are technical details that can be addressed,” he explained. Avetyan acknowledged that while challenges exist, they are not insurmountable. With the right investments and strategic planning, Armenia can build a robust AI ecosystem that supports innovation and entrepreneurship.
Avetyan's insights reflect a broader trend in which countries around the world are investing in AI to drive economic growth and enhance their global competitiveness. For Armenia, embracing AI technology could lead to advancements in various sectors, including healthcare, finance, agriculture, and education. By fostering a culture of innovation and supporting the development of AI startups, Armenia can position itself as a leader in the tech industry within the region.
“The trend is positive, and its development will be beneficial for Armenia,” Avetyan concluded, reinforcing the idea that AI is not just a technological advancement but a strategic asset that can propel the country forward in an increasingly competitive global landscape.
As Armenia continues to explore the potential of AI, the collaboration between government, private sector, and educational institutions will be crucial in creating an environment conducive to innovation. By investing in AI and related technologies, Armenia can enhance its competitiveness and secure a brighter economic future.
