Firebird raises investment estimate for 2nd phase of Armenia AI project to USD 7-8 bln
Firebird has raised its investment estimate for the second phase of its AI infrastructure project in Armenia to USD 7-8 billion, according to Alexander Yesayan, a co-founder and CEO of Firebird AI, reports Arka. Previously, the company had announced plans to scale the project to approximately 50,000 GPUs with total investments of around USD 4 billion. The company claims that, as part of the first phase, it deployed 6,144 Nvidia B200 GPUs. The second phase involves 45,000 GPUs, and a third phase, adding anot