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Theodoros Loukaidis Reappointed as RIF Director General: A New Term of Innovation

The dynamic world of research and innovation in Cyprus continues to evolve as Theodoros Loukaidis is reappointed for a second five-year term as the Director General of the Research and Innovation Foundation (RIF). This decision, announced by the board of directors following an open selection process, sets the stage for further advancements in Cyprus’ R&I landscape.

Commitment to Excellence

Mr. Loukaidis, armed with an Executive MBA from Warwick Business School and a formidable background in engineering and business administration, has been pivotal over the past five years in elevating Cyprus’ international standing in innovation.

His leadership is expected to further bolster the country’s growth as an emerging R&I hub, with continued focus on projects and research partnerships that contribute to a competitive, unified ecosystem.

Looking to the Future

Support from the board is strong, reinforcing a belief in Loukaidis’ vision to steer Cyprus towards a vibrant and interconnected future.

As Cyprus continues to enhance its R&I capabilities, the ripple effects may be seen far beyond its shores, fostering collaborations and insights with global influencers in the field.

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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