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US Tech Company Tenstorrent Takes First Step Toward Cyprus Expansion

Global AI chipmaker Tenstorrent took its first concrete step toward establishing a presence in Cyprus during a strategic visit hosted by the office of the Chief Scientist for Research, Innovation and Technology.

According to an announcement released on Tuesday, the high-level delegation marked the company’s initial direct engagement with Cyprus’ innovation ecosystem, following a meeting in California between President Nikos Christodoulides and Tenstorrent CEO Jim Keller.

Leading the delegation were Eric Duffy, Senior Director of Business Development, and Isaac Salameh, Senior Director of Corporate Development at Tenstorrent.

The announcement mentioned that the visit reflects “Cyprus’ ambition to become a regional hub for advanced technology and research“.

MOREOVER, it pointed out that Tenstorrent is recognised for its open-source hardware design approach, which differentiates it from competitors.

This approach has the potential to support Cyprus’s long-term strategy to adopt an AI-first policy after 2028.

FOUNDATION FOR COLLABORATION

Chief Scientist Demetris Skourides described the visit as a “first snapshot” of collaboration, laying the foundation for what could become a meaningful and executable partnership.

“This visit confirms that strategic partnerships demand more than vision—they require commitment and execution,” Skourides said.

“Tenstorrent’s decision to engage directly with our ecosystem is not only a statement of intent, but the laying of a foundation to realise a joint ambition,” he added.

The visit began with a meeting at the Presidential Palace, hosted by Deputy Minister to the President Irene Piki.

Also present were Deputy Minister of Research, Innovation and Digital Policy Nicodemos Damianou, Chief Scientist Demetris Skourides, and Chairman of Invest Cyprus, Evgenios Evgeniou.

During the meeting, the announcement mentioned, Duffy acknowledged the strong level of research excellence in Cyprus.

He confirmed that Tenstorrent executives and engineering teams would return in the coming weeks.

The programme was curated and led by the Chief Scientist’s office in close collaboration with the Deputy Ministry of Research, Innovation and Digital Policy.

The office explained that the agenda was tailored to Tenstorrent’s interests and aimed at identifying and engaging with Cyprus’ talent base and research capacity.

The visit offered Tenstorrent an in-depth view of ongoing research in fields such as hardware, systems design, robotics, autonomous technologies, AI, and digital twins.

The delegation held meetings with the University of Cyprus, the Cyprus University of Technology, and Centres of Excellence, including KIOS, CYENS, and CMMI.

These meetings focused on key industries and sectors relevant to the company’s mission.

MOREOVER, Tenstorrent’s team engaged with academic leadership, heads of engineering schools, and engineers showcasing products, solutions, and digital twins developed locally.

The delegation also met the Nicosia mayor, Charalambos Prountzos. According to the announcement, Prountzos shared his vision for the digital transformation of the city and expressed interest in applying AI to improve services for citizens.

Another key meeting took place with Invest Cyprus CEO Marios Tannousis, whose support was described as “instrumental in shaping the visit”.

The announcement also mentioned that this engagement aligns with Cyprus’ national Vision 2035 strategy, which focuses on sustainable economic growth through innovation and technology.

This strategy includes targeted efforts to attract highly skilled Cypriots back to the country, known as “brain gain”.

It also prioritises investment in research excellence, ecosystem development, and international partnerships.

“Tenstorrent is at the forefront of AI,” said Deputy Minister Damianou.

“Opening an office in Cyprus will create new jobs for local talent and attract highly skilled Cypriots from abroad,” he added.

Skourides, who also chairs the National AI Task Force, said Cyprus is building an AI future through partnerships and government initiatives.

“We are focused on leveraging AI factories and building strategic infrastructure through partnerships and government initiatives that accelerate R&D and innovation, invest in human capital, govern and leverage data effectively, and create an operational framework that supports integration and execution,” he said.

“This can only be achieved by cultivating an ecosystem that connects innovators, builders, orchestrators, and consumers—while also introducing sovereign AI capabilities,” he added.

Skourides also said that “Tenstorrent opening an office in Cyprus will be a game changer for both research organisations and industry”.

Middle East Tensions Cast Uncertainty Over Cyprus Tourism Sector

Cyprus’ tourism sector is entering a period of heightened uncertainty as regional tensions in the Middle East begin to affect travel sentiment. Although the country is not directly involved in the conflict, industry stakeholders report growing caution among travelers, tour operators and hospitality businesses.

Heightened Concern Across The Sector

Tourism officials and industry representatives are closely monitoring developments. While maintaining a measured public stance, they remain in contact with international partners and travel operators to assess potential changes in travel programs. Despite the uncertainty, many industry figures believe that once tensions ease, targeted marketing campaigns and competitive pricing could help restore Cyprus’ position as a preferred Mediterranean destination.

Operational Adaptations And Labour Considerations

According to reports by Philenews, hotel operators recently met with representatives of the Deputy Ministry of Tourism to discuss the operational challenges emerging from the situation. Labour issues were a central focus of the discussions. Many hotel businesses had originally planned to reopen in March to align with travel agents’ seasonal programs and extend the tourism season. Other establishments had scheduled openings in early April to capitalize on the Easter holiday period for both Catholic and Orthodox travelers.

Revised Timelines Amid Uncertainty

These plans are now being reassessed. Some hotel operators have proposed extending the full suspension of staff employment for up to two additional months, potentially until the end of April, while awaiting clearer developments in the region.

Such a decision would prolong the current period of unemployment for many tourism workers, highlighting the economic impact the crisis could have on the sector. An alternative proposal involves partial reopening, allowing hotels to operate with only essential personnel based on confirmed bookings. Industry representatives also discussed the possibility of requesting financial assistance from the European Union to offset potential losses.

Mixed Signals For The Summer Season

Despite the uncertainty, travel agents have so far maintained their scheduled flight programs to Cyprus for the summer period, including charter flights between May and October. This suggests that confidence in the destination remains relatively stable among some market segments.

At the same time, hotel operators report cancellations not only for the March–April period but also for certain summer bookings, while demand for new reservations has slowed. Industry stakeholders nevertheless remain hopeful that an easing of regional tensions would quickly restore traveler confidence.

Air Connectivity Gradually Restored

Air connectivity with key markets is also beginning to stabilize. Hermes Airports recently confirmed that several routes between Cyprus and European destinations have resumed. Emirates has restarted flights to Larnaca, strengthening connections with international markets. Haris Papacharalambous, president of the Association of Cyprus Travel and Tourism Agents (ACTTA), noted that the return of routes from the United Kingdom and airlines within the Lufthansa Group is gradually restoring Cyprus’ connectivity with major tourism markets.

While the tourism industry braces for continued volatility, the consensus remains that a swift end to the hostilities in the Middle East is essential for Cyprus to regain its historical vibrancy as a top tourist destination.

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