The National Bank of Kazakhstan has conducted a survey on the prospects for developing artificial intelligence (AI) in the country. The results of this survey showed that 31% of respondents who work in the finance industry are already using AI in their work.
Analysts from the National Bank concluded that AI technologies are gaining popularity in Kazakhstan, with domestic banks becoming leaders in implementing AI in business processes. Among the most popular AI technologies in the Kazakhstani financial market are machine learning and computer vision — as well as large language models (LLMs) and natural language processing. This indicates a wide range of innovative technologies are being applied to various financial activities.
However, besides the sheer potential of the technologies, major barriers to further development of AI in the country have also been identified. These include lack of infrastructure and computing power, lack of security standards for AI products, difficulties in accessing data, and unreliable internet connections. The lack of an active national research and development (R&D) institute and low demand for AI products among potential customers were also cited.
