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Cyprus Unveils Ambitious Global Campaign to Attract Diaspora Talent

by News Editor

May 15, 2025

In an exciting initiative, Cyprus has set the stage for a monumental campaign to repatriate its talented diaspora. Announced by President Nikos Christodoulides at the IN Business Awards 2025, the “Minds in Cyprus” project is a strategic move to lure skilled Cypriots back home. Launching next week in the UK and backed by Invest Cyprus and the Cyprus Chamber of Commerce and Industry, this campaign aims to enrich Cyprus’s professional landscape.

Strategic Moves Backed by Data

Already, over 750 Cypriots have expressed interest, leading to an upgrade of the event venue in London. This illustrates the keen interest in this initiative, which isn’t solely focused on tax breaks. Additional support measures are poised for approval to ease the transition for returnees.

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Building a Stronger Economy

Cyprus’s GDP growth rate reaching 3.4% in 2024 positions it among the fastest-growing economies in the EU. Unemployment is below 5%, with youth unemployment seeing a swift decline, fostering a business-friendly environment. This development aligns with aggressive economic reforms, including the first substantial tax reform in two decades, focusing on reducing burdens and promoting investments in digital and green technologies.

Technology and Education in Focus

Emphasizing digital advancements, the “Digital Citizen” platform has streamlined public services, with upcoming integrations with Greece’s system set to introduce new services by 2025. Education reforms are also on the horizon, aiming to sync academia with workforce needs.

Boosting Cyprus’s Global Presence

Initiatives since early 2024 have aimed to elevate Cyprus’s standing as a dynamic global business hub. Highlights include engagements in tech and energy sectors in the US, underscoring Cyprus’s renewed appeal as an investment destination. Interested in more developments? Check out how Cyprus joining the Schengen Area reshapes its European interface.

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Mirendil Signs $100 Million Google Cloud Deal To Advance Self-Improving AI

by News Editor

August 6, 2026

AI startup Mirendil has signed a multi-year agreement worth more than $100 million with Google Cloud to secure computing infrastructure for its self-improving AI research.

The partnership reflects growing competition among AI companies to lock in access to high-performance computing, while cloud providers race to attract promising startups developing next-generation AI models.

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Backing The Next Stage Of AI Research

Mirendil plans to use Google’s Tensor Processing Units (TPUs), Nvidia GPUs and managed training infrastructure to develop AI systems capable of improving their own performance over time.

Known as recursive self-improvement, the concept focuses on building AI that can refine its knowledge and capabilities with minimal human intervention. The technology is attracting growing interest across the industry, with several startups and leading AI labs exploring similar approaches.

According to co-founder and Chief Executive Behnam Neyshabur, the long-term goal is to develop AI that can automate scientific research and accelerate discoveries in fields such as medicine, biology and materials science.

Compute Capacity Becomes A Strategic Asset

Training increasingly advanced AI models requires enormous computing resources, making long-term infrastructure agreements a critical competitive advantage.

Mirendil said Google’s combination of TPUs and GPUs allows workloads to be matched with the most suitable hardware, improving efficiency while reducing costs for customers.

For Google Cloud, the agreement strengthens its position in the race to provide infrastructure for frontier AI developers, while giving the company exposure to one of the industry’s emerging approaches to next-generation artificial intelligence.