Cyprus Cracks Down: 304 Lose Citizenship Over Golden Passport Violations

by News Editor

May 6, 2025

The Cypriot government has announced that 304 individuals have had their citizenships revoked following an in-depth investigation into the controversial golden passport scheme, which previously awarded nationality through investments. This thorough examination revealed that many beneficiaries had obtained citizenship by declaring false information or concealing critical data.

The Magnitude of the Issue

The affected group consists of 88 investors and 216 family members. So far, revocation orders have been signed for 112 individuals, including 33 investors and 79 of their relatives, whose documents are now void.

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Since the program’s termination in late 2020 under mounting pressure from the European Union, substantial reviews have led to the exposure of major breaches, such as failing to deposit required funds or misrepresentations of personal circumstances.

Legal Path and Integrity Assurance

In serious cases, some investors didn’t make the necessary financial commitments, and in instances like Jho Low, the infamous financier embroiled in global scandals, legal actions have annulled their Cypriot passports. Under article 113 of Cyprus’ population registration law, there is a clear pathway for affected individuals to appeal through an independent committee.

The Interior Minister Constantinos Ioannou emphasized the government’s commitment to full legal compliance and safeguarding Cyprus’s reputation and values. Moving forward, the government promises rigorous oversight and due process in all future inquiries related to citizenship.

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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.

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