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An Innovative Leap: Plug and Play at Cyprus’ Presidential Palace

This past Monday, Cyprus hosted a pivotal meeting at the Presidential Palace, featuring the global innovation and investment platform, Plug and Play. The meeting was a direct result of President Nikos Christodoulides’ engagement with Saeed Amidi, the CEO of Plug and Play, during his visit to California in early April.

Key attendees included Eirini Piki, the Deputy Minister to the President, Nikodimos Damianou, the Deputy Minister of Research, Innovation, and Digital Policy, and Theodoros Loukaidis, General Director of the Research and Innovation Foundation. Loukaidis’ role is part of a broader strategy that echoes Cyprus’s ambitious path towards fostering innovation (source).

The delegation from Plug and Play is keen on establishing a framework for collaboration, engaging with governmental and market leaders to explore potential operations in Cyprus. This culminated in a signed Letter of Intent by Mr. Damianou, signifying a promising start for future partnerships aimed at enhancing Cyprus’s research and innovation ecosystem.

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

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.

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.

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