In a significant move aimed at supporting Ukrainian enterprises and stimulating the nation’s economic recovery, Veon, through its Kyivstar subsidiary, has launched a new AI lab in collaboration with Amazon Web Services (AWS). This innovative lab will leverage AWS cloud solutions to offer a range of AI services, including text and visual content generation, as well as augmented intelligence tools like chatbots and virtual assistants. By harnessing these advanced technologies, the AI lab aims to enhance the operational efficiencies of Ukrainian businesses and contribute to the nation’s economic revitalization.
Beyond fostering national growth, Kyivstar plans to expand its cloud migration and analytics services to the global market, indicating the broader scope of this initiative. This new AI lab comes in the wake of an agreement signed in 2023 between Kyivstar and AWS. The agreement focuses on cloud migration, data storage, and cybersecurity enhancements, including moving Kyivstar’s data management platform to the AWS cloud. Veon has also seen considerable progress in Ukraine with the unfreezing of a significant portion of its corporate rights in subsidiaries such as Kyivstar. Veon’s Group CEO, Kaan Terzioglu, has commended Ukraine for its favorable business environment and steadfast commitment to the rule of law.
Looking ahead, Veon has pledged to invest $1 billion over the next five years to rebuild Ukraine’s digital infrastructure. This ambitious investment plan encompasses network development, creation of new digital services, potential acquisitions, and the formation of strategic partnerships. These initiatives are a testament to Veon’s dedication to Ukraine’s sustained growth and digital transformation.