• KZT/USD = 0.00220
  • TJS/USD = 0.10840
  • UZS/USD = 0.00009
  • TMT/USD = 0.29760
  • KZT/USD = 0.00220
  • TJS/USD = 0.10840
  • UZS/USD = 0.00009
  • TMT/USD = 0.29760
  • KZT/USD = 0.00220
  • TJS/USD = 0.10840
  • UZS/USD = 0.00009
  • TMT/USD = 0.29760
  • KZT/USD = 0.00220
  • TJS/USD = 0.10840
  • UZS/USD = 0.00009
  • TMT/USD = 0.29760
  • KZT/USD = 0.00220
  • TJS/USD = 0.10840
  • UZS/USD = 0.00009
  • TMT/USD = 0.29760
  • KZT/USD = 0.00220
  • TJS/USD = 0.10840
  • UZS/USD = 0.00009
  • TMT/USD = 0.29760
  • KZT/USD = 0.00220
  • TJS/USD = 0.10840
  • UZS/USD = 0.00009
  • TMT/USD = 0.29760
  • KZT/USD = 0.00220
  • TJS/USD = 0.10840
  • UZS/USD = 0.00009
  • TMT/USD = 0.29760
06 October 2026

Viewing results 1 - 6 of 119

Central Asian Startups Go Global

Startups with their roots in Central Asia are increasingly building businesses for customers in the United States, Europe, Asia, and the Middle East. International funds are investing hundreds of millions of dollars in these companies, founders are joining Y Combinator and other Silicon Valley programs, and some startups are moving their headquarters abroad while retaining development teams and ties to the region. Central Asian startups attracted a record $320 million in 2025. However, a large share of the funding was concentrated in just two deals: Higgsfield AI and Uzbekistan’s Uzum accounted for 61% of the total. Excluding them, the market amounted to $124.5 million, still 31% higher than in 2024. This points to two aspects of the current growth: venture capital in the region is already measured in hundreds of millions of dollars, but remains heavily concentrated in a handful of companies. Relatively small technology teams from Central Asia are incorporating in the United States, raising money from American investors, and selling products to global customers. Kazakh Roots, American Market So far, the trend is most visible in Kazakhstan. In 2025, venture investment in Kazakh startups reached $209 million, up from $71 million a year earlier, while the aggregate valuation of funded Kazakh startups stood at $2.16 billion. RISE Research also reported that U.S.-focused startups with Kazakh roots raised more than $214 million. One of the biggest examples is Higgsfield AI, whose co-founders include Uzbekistan-born Alex Mashrabov and Kazakhstan’s Yerzat Dulat. Based in San Francisco, the company develops AI tools for generating images and video. In August 2026, Higgsfield raised $400 million in a Series B round at a $5.4 billion valuation. The round was led by DST Global, with investors including Goldman Sachs Alternatives, Tribe Capital, Intel Capital, and other international funds. By then, the company had more than 30 million users. In September, Higgsfield said its technology was being used in campaigns for 390 Fortune 500 companies. Another route into the U.S. market runs through Y Combinator, one of Silicon Valley’s best-known startup accelerators. In 2025, three startups with Kazakhstani founders – Nozomio, Leaping AI, and Hillclimb – joined the program. Arlan Rakhmetzhanov’s Nozomio develops tools that help AI agents work with large software codebases. After Y Combinator, the company raised $6.2 million from CRV, BoxGroup, LocalGlobe, and other investors. Rakhmetzhanov began working on the project while still in school before moving its development to the United States. Leaping AI, whose co-founder and chief technology officer Arkadiy Telegin is from Kazakhstan, develops voice AI agents for businesses. The company went through Y Combinator, raised a $4.7 million seed round, and shifted its center of operations from Germany to San Francisco. Hillclimb, whose founders include Kazakhstan’s Ibrakhim Ustelbay, develops data and virtual environments for training AI models through reinforcement learning, in which an algorithm improves by receiving feedback on its actions. The U.S. market is also attracting startups outside Y Combinator. Kazakh entrepreneur Bakytzhan Dos is developing Nace.AI in the United States, a platform designed for complex enterprise workflows...

Central Asia Common Digital Space Proposed at Astana Roundtable

Experts and business representatives from across Central Asia have proposed mutual recognition of electronic documents to make cross-border business easier. Their draft agreement also calls for closer alignment of rules on data and artificial intelligence. The draft Agreement on Cooperation among Central Asian States in Digital Policy and Artificial Intelligence Governance was presented at a regional roundtable in Astana on September 28. The business-led proposal aims to connect the region’s five digital markets, serving more than 80 million people. The initiative is being developed within B5+1, a business cooperation platform linking the United States and the five Central Asian states and designed as a private sector counterpart to the diplomatic C5+1 format. E-commerce and information technology are among its priority areas. Over the past year, the regional IT & AI working group has held consultations with entrepreneurs, industry associations, and experts. In the previous cycle, consultations involved business communities representing more than 60 companies and organizations from Central Asia and the United States, including Meta, Mastercard, and Google. Under the draft, the five countries would retain their own regulations while making their digital systems and laws more compatible. It covers electronic document management, digital identification, personal data protection, cybersecurity, and AI regulation. The proposals would allow electronic documents, electronic signatures, and digital identification tools to be recognized across borders. This could reduce administrative barriers for companies expanding into neighboring markets. “Our task is not to create another layer of regulation. We need to build digital bridges between the countries of Central Asia. If electronic documents, digital identification, data rules, and approaches to AI are mutually compatible, it will become significantly easier for technology companies to scale across the entire region,” said Aziza Shuzheeva, Chair of the Board of the TechnoWomen non-profit organization. A draft Code of Ethics for the Responsible Use of Artificial Intelligence in Central Asia was also presented in Astana. The document is advisory and sets out common ethical principles for the use of AI across the five countries. Its authors propose that decisions significantly affecting a person’s rights and interests should not be left solely to algorithms. Practices identified as unacceptable include harmful manipulation, exploitation of the vulnerabilities of children and other groups, discrimination, unlawful use of personal data, and the creation of synthetic content for fraud or other harmful purposes. Another priority is the development of language resources and datasets for Kazakh, Kyrgyz, Uzbek, Tajik, and Turkmen. The aim is to improve the ability of AI systems to work with the region’s languages. Similar forms of digital integration are already being developed elsewhere. In the European Union, the European Digital Identity framework is designed to allow digital identity wallets to be used across borders to access public and private services. ASEAN, meanwhile, concluded negotiations at the end of May 2026 on its Digital Economy Framework Agreement, or DEFA, covering digital trade, data, cybersecurity, AI, and other areas of regional digital integration. The proposals also overlap with efforts to digitize transport and trade. On September 28, the...

U.S. Links Trusted Digital Infrastructure to Investment at C5+1 Conference

Stronger cybersecurity and trusted digital infrastructure could encourage greater U.S. investment in Central Asia, Mark Cameron said in Astana on September 29. Cameron, deputy assistant secretary in the State Department’s Bureau of South and Central Asian Affairs, was speaking at the C5+1 conference on artificial intelligence. He said data centers and trusted infrastructure would give American companies greater confidence to invest and expand their cooperation across the region. “The strongest house is built on the firmest foundation,” Cameron told reporters, linking cybersecurity to the development of advanced AI. Cameron said Washington sees private companies as central to the process, with government programs helping create conditions for investment and technological cooperation. “The United States has the deep belief that companies, given the opportunity, will find great solutions and new opportunities that many of us have never even considered before,” Cameron said. He said Washington has committed $5 million through CRDF Global for cybersecurity and digital-sector assistance. The support covers incident response, critical infrastructure protection, financial sector security, and cybersecurity policy. The C5+1 format brings together the United States and the five Central Asian countries. The conference comes ahead of Secretary of State Marco Rubio’s planned business delegation to Uzbekistan in mid-October, involving executives from more than 100 American companies alongside talks with the region’s foreign ministers. Kazakhstan Sets Out Its AI Development Model Kazakhstan’s vice minister of artificial intelligence and digital development, Bakhtiyar Mukhametkaliyev, described the development of an AI economy as a five-layer process. Energy comes first, followed by access to chips and graphics processing units (GPUs), information systems, high-quality data, and finally AI agents. Countries that attempt to deploy AI agents before building the infrastructure and data beneath them, Mukhametkaliyev said, are unlikely to realize their full economic value. He also framed data centers as a way for Kazakhstan to convert its energy and resource base into higher-value digital capacity. Mukhametkaliyev stressed that Kazakhstan does not intend to build its emerging AI ecosystem solely for the domestic market. He said the infrastructure should also help neighboring countries develop their AI industries and improve connectivity. He also pointed to drones, space technologies, startups, and workforce reskilling as areas where digitalization could create new markets and occupations. Kazakhstan’s ties with U.S. technology companies are also expanding. NVIDIA CEO Jensen Huang is scheduled to make his first visit to Kazakhstan on October 23, as the country develops data centers and NVIDIA-based computing infrastructure. Regional Plans for AI Development Kyrgyzstan focused on practical AI applications, human oversight, education, and local-language models. Niyazaly Bazarbaev, adviser to the minister of digital development and innovative technologies, said Kyrgyz and other Central Asian languages remain insufficiently represented in existing AI systems. He discussed work involving a Kyrgyz-language corpus of roughly five million words and efforts to prepare the school curriculum for an AI-driven economy. Tajikistan presented AI as a presidential priority. Hakim Ismoilzoda, first deputy director of the Agency for Innovation and Digital Technologies, highlighted Tajikistan’s initiatives at the United Nations on AI and its safe, secure,...

How Kazakhstan Became Central Asia’s Digital Hub

From October 1 to 3, Astana will host the AI & Digital Bridge conference, which is expected to draw more than 20,000 participants and over 100 technology companies. The wider AI Month begins on September 23 with HackAlem AI powered by OpenAI. Earlier editions of Digital Bridge have drawn a total of more than 127,000 participants from over 100 countries. Kazakhstan can bring such a gathering together because two decades of development have created the institutional and commercial base for its present AI strategy. Advanced computing capacity and large-scale technological investment now reinforce that base. Building the Digital Base Well before artificial intelligence became a central policy concern, Kazakhstan began building the digital-state capacity that underpins its current position. The e-government program dates from the mid-2000s. The 2017 Digital Kazakhstan program broadened that effort by linking the transition to a digital state with four other priorities: digitalization of economic sectors, development of the Digital Silk Road, human-capital development, and the creation of an innovation ecosystem. Startup formation thereby entered policy not as a one-off technology initiative but as part of a wider program of institutional and economic digitization. Kazakhstan ranked 24th globally in the UN E-Government Development Index in 2024. By 2025, about 90% of public services were available online. By then, the eGov portal had more than 15 million registered users, while its mobile application had more than 11 million. Large-scale digital interaction between citizens and the state had thus become a daily fact of life before the present AI push began. Public services inhabit the same digital environment as ordinary commercial transactions. Kaspi.kz reported 15.7 million average monthly active users in Kazakhstan at the end of 2025 and about 764,000 active merchants. Its Super App integrates payments with finance and commerce; it also carries government services. Digitalization has become part of everyday consumer behavior. In July 2026, internet and mobile banking accounted for 77.6% of non-cash transactions by number and 89.6% by value. Commercial adoption has accustomed much of the population to carrying out both routine transactions and more significant business transfers through digital systems. Infrastructure spending alone would not have produced the same result without the surrounding policy and commercial environment. Almaty supplies the financial and corporate side of the ecosystem, complementing Astana’s policy and startup institutions. Together, the two cities anchor an economy accounting for more than half of Central Asia’s GDP. Kazakhstan also holds roughly two-thirds of the region’s inward foreign investment stock, according to TCA’s Central Asia Balance Sheet. Institutional Concentration These developments acquired an institutional center through Astana Hub, established in 2018. It brings firms and founders into the same network as investors. Participation brings concrete operating advantages, including tax preferences and simplified arrangements for hiring foreign specialists. Companies may hire such specialists without a numerical limit, with work visas available for up to five years. They can also enter incubation or acceleration programs and obtain access to financing mechanisms. A 2026 World Bank appraisal described Kazakhstan as having built a credible technology-driven...

NVIDIA CEO Jensen Huang Set for First Visit to Kazakhstan in October

NVIDIA founder and CEO Jensen Huang is set to make his first visit to Kazakhstan on October 23, as the country expands its artificial intelligence infrastructure. Kazakhstan’s Ministry of Artificial Intelligence and Digital Development announced the visit on September 23. Huang is scheduled to hold a fireside chat with Deputy Prime Minister and Minister of Artificial Intelligence and Digital Development Zhaslan Madiyev at the alem.ai International Center for Artificial Intelligence in Astana. The event will close Kazakhstan’s AI Month program. The ministry said the discussion will cover developments in artificial intelligence, technology trends, the training of AI specialists, and Central Asia’s role in the global technology sector. The visit comes amid rapidly expanding ties between NVIDIA and Kazakhstan. In June, Kazakhstan announced agreements worth up to $10 billion connected to the Data Center Valley project under development in Ekibastuz. U.S.-based Firebird is developing the project using NVIDIA technology. NVIDIA Vice President Rev Lebaredian and Firebird co-founders Razmig Hovaghimian and Alexander Yesayan took part in talks with Prime Minister Olzhas Bektenov. The project is planned to include a computing cluster of around 100,000 advanced GPUs, including NVIDIA GB300 and Vera Rubin systems. Kazakh officials initially allocated 300 megawatts of power capacity for the development, while the wider site is designed to scale to as much as one gigawatt. The first Data Center Valley facility is scheduled to begin operating in June 2027. The initial facility is planned at 50 megawatts, with the larger campus expanding in stages as additional customers and investment are secured. In July, the government said partners were rolling out 250 megawatts of infrastructure at the Ekibastuz project. Kazakhstan is already operating NVIDIA-based high-performance computing infrastructure. Two Kazakh systems appeared on the June 2026 TOP500 ranking of the world’s most powerful supercomputers. Alem.Cloud ranked 104th and AI-Farabium 122nd, with both systems using NVIDIA H200 accelerators. Kazakhstan has also announced a separate $2 billion sovereign AI hub to be operated by Freedom Holding using NVIDIA technology. The planned project would occupy a site with 100 megawatts of available power, with Freedom Holding as the principal financing and implementation partner. Visit Caps AI Month Huang’s visit is scheduled to conclude a month of AI-related events beginning September 23. The program includes HackAlem AI, the AI & Digital Bridge 2026 forum, and a meeting of Kazakhstan’s Council for the Development of Artificial Intelligence. Lebaredian is expected to participate in the AI Council meeting on October 1. Huang’s visit comes as Kazakhstan accelerates an AI infrastructure buildout already spanning NVIDIA-powered supercomputers, large-scale data centers, dedicated power capacity, and plans for tens of thousands of advanced processors.

ICTWEEK Opens in Tashkent With Focus on AI and Foreign Investment

Thousands of technology executives, investors, startup founders, and government representatives have gathered in Tashkent for ICTWEEK Uzbekistan 2026, as Uzbekistan seeks to expand its technology sector and attract more foreign companies. The four-day event opened on September 22 at the Central Asian Expo Uzbekistan (CAEx) exhibition center and runs through September 25 under the theme “Land of Startups.” Organizers expect around 25,000 visitors. More than 2,000 participants from abroad, representing 70 countries, have already arrived in Uzbekistan to attend the event, according to Rustamjon Ozodjonov, head of global marketing at IT Park, Uzbekistan’s national technology hub, which supports startups and operates a residency program for IT companies. [video width="3840" height="2160" mp4="https://timesca.com/wp-content/uploads/2026/09/document_5303121082444720559.mp4"][/video] “As part of ICTWEEK, we expect B2B meetings, international forums, agreements, and strategic panel sessions,” Ozodjonov told The Times of Central Asia. Ozodjonov said young companies are presenting their projects to potential investors and partners at a dedicated Startup Alley. Artificial intelligence was one of the themes of the opening ceremony. The Bravo Orchestra first performed under the direction of an AI conductor named Timur, before conductor Alibek Kabdurakhmanov took over. Uzbekistan’s Minister of Digital Technologies Sherzod Shermatov used the experiment to question the role humans will play in the economy as AI develops. “Everyone is thinking about what will happen with AI. What will we humans do? I hope this conversation will be real and that people will still remain in demand,” Shermatov told the audience. He linked the issue to Uzbekistan’s young and growing population. The minister said he could not imagine a future in which “everything will be AI” and people are no longer needed. “The most important asset we have is human capital,” he added. Shermatov pointed to the expansion of higher education and digital skills programs, including One Million Coders and training in Python and artificial intelligence. He said Uzbekistan is also sending more young people to study at leading universities abroad. Another goal of ICTWEEK is to connect young professionals and startups directly with international companies and investors. Shermatov encouraged participants to learn foreign languages, particularly English, and use the event to find international partners. Uzbekistan is also seeking to attract more foreign technology companies. “More than a thousand foreign-owned companies are already residents of IT Park,” the minister said. IT Park is also expanding its network of overseas offices and representatives, including in the United States, Germany, South Korea, Saudi Arabia, and China. ICTWEEK also featured Enterprise Uzbekistan, a special legal jurisdiction for international technology companies. “Enterprise Uzbekistan is a territory based on the common law of England and Wales and provides a special jurisdiction for global technology companies,” Sultonmurod Rasulov, head of strategic partnerships at Enterprise Uzbekistan, told The Times of Central Asia. “Our goal is to create one of the best jurisdictions in the world, modeled on international financial centers but designed specifically for global technology.” According to Rasulov, Enterprise Uzbekistan aims to create a predictable legal environment for international technology companies and allow them to conduct business from Uzbekistan...