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March Sees a Significant Upsurge in Cyprus Retail Trade Turnover by 5.6%

The retail trade industry in Cyprus experienced a notable boost in March 2025. According to data from the Cyprus Statistical Service (Cystat), both the value and the volume of retail turnover increased by 5.6% compared to March of the previous year.

This growth in the Turnover Value Index of Retail Trade, excluding motor vehicles, highlights a steadily rising consumer activity. The Turnover Volume Index, which factors in the quantity of goods sold, also mirrored this 5.6% growth year-on-year, suggesting a steady expansion in the sector’s economic footprint.

Want to delve deeper into Cyprus’ evolving marketplace? Explore our insight on the outlook for stranded property buyers in Cyprus and witness how local economic pivots affect property dynamics.

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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