Collaborative Effort to Advance Central Asia’s AI Infrastructure

November 7, Almaty
The Ministry of Artificial Intelligence and Digital Development of the Republic of Kazakhstan and Freedom Holding Corp. today announced plans to advance Kazakhstan and Central Asia’s AI leadership with sovereign exascale NVIDIA AI infrastructure and talent development initiatives.

This team-oriented initiative outlines a phased approach, including plans for the creation of a Kazakhstani Sovereign AI Hub operated by Freedom Holding Corp., powered by NVIDIA AI infrastructure. The Ministry will facilitate favorable conditions for hosting and operating large-scale AI infrastructure, and support initiatives such as the establishment of an AI Academy and Research Lab to train engineers and researchers.

The anticipated $2 billion (USD) project will be based on a site in Kazakhstan with 100 MW of available power. Freedom Holding Corp. intends to be the principal financing and implementation partner.

The collaboration demonstrates a shared commitment to developing the AI ecosystem, promoting innovation, and preparing future talent for a rapidly evolving digital economy in Kazakhstan and Central Asia.

“Working with NVIDIA is an important step in implementing Kazakhstan’s national AI strategy. We are building the foundation of a sovereign AI ecosystem that will strengthen our economy, enhance competitiveness, and unlock new opportunities for the entire region,” said Zhaslan Madiyev, Deputy Prime Minister and Minister of Artificial Intelligence and Digital Development.

“We are excited to be part of this transformative initiative to strengthen Kazakhstan’s position in the global AI landscape. By combining our expertise with NVIDIA’s advanced technologies and the visionary support of the Ministry, we aim to build a robust foundation for AI innovation and drive long-term growth throughout the entire Central Asian region,” said Timur Turlov, CEO of Freedom Holding Corp.

Background

Freedom Holding Corp. is a diversified financial services company engaged in brokerage operations, securities trading, investment research and advisory, investment banking and underwriting, mortgage lending, insurance, telecommunications, online sales of airline tickets and tickets for cultural and sporting events, as well as operating an online marketplace and many other services.
Including its subsidiaries, Freedom Holding Corp. employs more than 10,100 people. The holding’s divisions and subsidiaries are located in 21 countries, including Kazakhstan, the United States, Cyprus, Poland, Spain, Uzbekistan, and others. Freedom Holding Corp.’s common shares are registered with the U.S. Securities and Exchange Commission and trade under the ticker symbol FRHC on the Nasdaq Capital Market.

Media contacts: [email protected]
www.freedomholdingcorp.com