The official opening ceremony of the first AI plant built by the Armenian Eleveight Al company took place in Armenia. Mkhitar Hayrapetyan

The official opening ceremony of the first artificial intelligence (AI) factory built by the Armenian company Eleveight AI was held in the Gagarin community, according to Mkhitar Hayrapetyan, Armenia’s Minister of High-Tech Industry.

"The company is introducing the region’s first NVIDIA Blackwell B300 AI factory.

The new center is designed to support large-scale AI computing workloads, ranging from AI model training to business, scientific, and engineering applications.

Investments in the first phase of the project amount to $70 million," he wrote.