Inside The Armenia’s Tech Revolution & Rise of AI Startups with Rem Darbinyan

it's a challenging thing because the AI growing so fast none of the universities can catch up there is a new product new language New Direction until you printing the books making the curriculums on everything it takes Years cuz when you're going into the direction of artificial intelligence if you don't have a strong math base you're get just going to be just a user basically what the Armenian University is good at have like special courses that quickly adopting to the new changes and uh giving that kind of knowledge and understanding the what's the machine learning what's the AI but what we want to do we want to show that we can deliver the startups the markets have a huger opportunities that's why a lot of uh Russian startups when they moved to Armenia they're surprised that how our visions of the product and the solutions are worldwide not local this is what our ultimate goal in Armenian it to show that couple guys in their garage they can build a cool startup that can raise millions of millions of venture investment money hi I'm Craig Smith and this is I on AI recently I visited Armenia an incredible country with a very active Tech sector in this episode I talk to REM darbinian a Serial entrepreneur angel investor seasoned advisor author and keynote speaker with an investment portfolio of over 40 startups he's the founder and CEO of smartclick which builds deep Tech Innovations based on artificial intelligence and machine learning he's also the founder and CEO of viral mango a platform that connects influencers with Brands we talked about the tech sector and AI development in Armenia as well as viral mango I hope you find the convers ation as interesting as I did okay so Ram tell me who you are and then we'll start talking okay REM darbinian born in Armenia yvan in this city uh couple blocks from here where we are recording right now um and at beginning at ' 90s uh when uh like Soviet Union collapsed it was a hard time to live in Armenia my family moved to Russia oh yeah when I was kid I moved to there graduated the middle school high school University wow yeah started working and uh in 2008 moved to us yes and started working for the like basically started from beginning from the zero because you changing the country without anything and uh went into the different kind of jobs mhm and eventually start doing some kind of Entrepreneurship some kind of businesses I made everything from the scratch basically um and but my ultimate goal was move back to Armenia yeah because my heart was always with Armenia and then a couple years ago uh after the covid I decided that I want to move back to Armenia took the family took the kids and moved back to Armenia and started my company in Armenia yeah my startup uh I started from Armenia just like a short story yeah that's the current startup that uh that you work on uh we started another one like recently another like a direction yes but the one I'm talking about that we started like 5 years ago when I decided to move to Armenia just started the company and then moved to Armenia yeah and what I wanted to talk to you about is uh not only uh the startup and the startup ecosystem in Armenia which is why I'm here but about uh the introduction of machine learning and how machine learning AI has grown uh and when we were talking the other day you said you had an ambition to to build a machine learning uh ecosystem yeah I'm a tech guy I first introduced to the PC was like in 1993 or something like 30 years ago fall in love with the computers and uh learn everything by myself just uh back in days there is no much internet nor there is no much information so I love like discovering new things hi I wanted to jump in and give a shout out to our sponsor netsuite by Oracle I'm a journalist and getting a single source of Truth is nearly impossible if you're a business owner having a single source of Truth is critical to running your operations if this is you you should know these three 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AI e ye e o n AI all run together go to netsuite.com onai to get your own kpi checklist again that's nets.com on AI e ye e o n AI they support us so let's support them and uh like probably 8 nine years ago I discovered oh there's a cool thing called artificial intelligence that can help them automate some kind of things uh I start like gathering information because there is not much information about AI back in days it was the tool for the big Corporation not for the like even mid-level companies uh like something here something there like kind of reading some kind of old school books which is just more theoretical than practical and uh at some point I came to the conclusion like this is something I want to learn this is something I want to do this is something that can uh we can do in the future this is something big yeah and I came to the like some kind of a a list of the top countries that have artificial intelligence and uh being Armenian you always look your country in the list you know and of course the top five countries the US China you know Israel Canada these kind of countries and there is no Armenia yeah and I I got like disappointed at some point I'm like oh where where is Armenia and I decided that if I'm going to do this if I'm going to start a company that doing artificial intelligence I'm going to do it in Armenia uh that have a roots from Armenia I came to Armenia I start like looking who who knows the what's the AI in Armenia and five six years ago there's only like a handful people knows what's the AI yeah and then uh I started Gathering we start Gathering Together learning things like start teaching uh new generation of the uh kids like that this is something cool this is the next level it was even before this all this CH GPD Madness all this like becoming mainstream it was a hard code you writing everything this like what what year 2018 2019 yeah and um I established the company we start doing Ai and my main ambition and goal was to show that we can deliver this to the world you know it's a technology we can build in Armenia and show the world that uh it's made in Armenia and somehow replace the understanding of AI that is not artificial intelligence it can be the Armenian intelligence yes and uh since then we uh we growth we have a lot of data scientist in Armenia we have a lot of AI startups started in Armenia last several years so and I'm proud to see that Armenia right now in a 54th place in global ranking of the uh AI index across all other countries wow well that's that's that's Quite a feat I mean AI is moving fast but but Armenia is moving fast too a lot of uh I'm going to do a few episodes here and uh so I'll talk about this history elsewhere but but you moved to Russia and and Armenia a lot of people don't realize was was kind of one of the uh tech centers for the Soviet Union so there is a tradition of uh mathematics and and technology engineering in Armenia uh of course that generation uh is is older and that was long before AI but has that given Armenia kind of a base on which to build of course of course uh if we look take a back uh when Armenia was part of the USSR Soviet Union uh all all our great mathematicians or are like a scientist was part of the USSR and then we don't like specifically can say that oh this person was responsible to inventing this kind of thing because we have for example The Armenian person who invented one of the nuclear bombs for the Russia for the USSR back in days yeah and but nobody's saying about that he was like it was very secret but the I think the main how it started if we go back to the 1950s mhm uh after the World War II uh the US start moving towards developing some kind of computers the first first version of the computers and the USSR they were thinking that it's just a distraction from the Moon program for going to to the space because of the cold war and they didn't like start going to that direction although they have spies they have like all that information that us developing the computers they missed that starting point and then uh several years later they're like oh we're missing something they're really developing the computer that going to help to automate the process of going to the space doing all the calculations and there they start thinking okay how we can catch up they collected all the smart people at that point they have and then one of the smartest person at that time was the Sergey melan he was the one of the brightest Armenian Minds in mathematics uh he got his PhD when was I think that 20 years old he was like a very like a bright mind right and they said like okay we want to develop the it basically so not it but like a tech centers in different part of the USSR and they developed four centers Moscow ke St Petersburg and in Yan the fourth one in Yan so like it was four Development Centers and this Serge merilan become the one of the founders of this The Armenian it infrastructure and one of the first U USSR computers was build it in yvan Armenia if you're going back to the like the historical and it's become like the foundation of having like U mathematics School of Armenia and right now uh that place that the uh the place when the first uh the USSR computer was build it now a lot of it companies renting offices our office located um it's becoming like a it Hub yes and then uh it's it's still continuing that tradition that a lot of Technologies are building in that place and continuing to growth over the world basically and among the the universities uh I mean what I've been told is is the startup culture uh or the private sector is much stronger uh in AI than the the universities but is that right or or which universities are are have the strongest machine learning programs and and uh are the is is there a community of young machine learning Engineers that's growing uh that's it's going to be able to uh Propel this this further uh there's a actually it's a challenging thing because the AI grow so fast none of the universities can catch up with the Technologies changing you know because uh you know there is a new product new language New Direction machine learning deep learning something until it's becoming like a popular until you printing the books making the curriculums on everything it takes years yeah and this changing very fast and then what the universities in Armenia doing good they giving a good foundation of mathematics which is like a core thing for the AI uh because um when you going into the direction of artificial intelligence if you don't have a strong math base you're get just going to be just a user basically using other algorithm technology something uh what the Armenian University is good at they giving the good foundation of math so we have that and then of course most probably all of the universities right now they have like special courses that quickly adopting to the new changes and uh giving that kind of knowledge and understanding the what's the machine learning what's the AI I I believe all of the universities right now have some kind of small part of their uh that teaching the AI as the base you know so you have at least the general understanding what's the AI how it works where to look what's the direction it's going you know yeah and so the first startup you said you wanted to start an AI company I mean that sounds extremely ambitious uh what what were you doing what was the product or service so we're developing the computer vision Technologies um we came to the conclusion that we don't want to build a product we want to build the Technologies as part of our like a mission and vision what we want to do so we start building computer vision Technologies and offering other compan is from overseas to use this kind of Technologies and we're always saying like this Technologies build it in Armenia what we want to see we want to see that other companies located uh in other countries uh using our Technologies to uh get bigger MH uh get into the success and uh we can proudly say that in the foundation of these companies was our technology that help them to achieve that basically yeah and when you say computer vision uh what what kind of computer vision kind of we have like at the moment we have like a several dozen different kind of Technologies build it from the scratch everything we made it uh inhouse basically uh helping companies starting from detecting like a license plate numbers uh logo detection different kind of small but very useful Technologies that uh dozens of dozens companies using uh overseas and uh getting into the their um Target goals basically yeah uh another thing that I've heard U Armenia uh was was very much an Outsource uh industry I mean you were U you know like an oem provider for uh companies overseas they would come here to to hire uh people to build their products uh and then with the outbreak of the war in Ukraine uh a lot of companies relocated to Russia uh I think from Russia from Russia I'm sorry yeah re relocated from Russia and and that influx of capital uh drove uh The Armenian uh uh currency uh very high and made the Outsource uh Services uncompetitive they were now too expensive that's what I've heard and so a lot of people switch to Building Products as opposed to operating as out actually it uh it's switching to building the products started like uh much earlier than the war in Ukraine uh probably I'll say 8 to n years ago mhm uh a lot of yet yes we used to be like the a lot of we're doing a lot lot of Outsourcing we're developing the Technologies we're developing the products that getting success into the market but we are under the like a radar we don't see nobody sees our success yeah and at some point we see that okay we can develop these cool kind of products why we don't start building these kind of startups in Armenia and probably from uh I'll say 20145 the first Armenian like a big startup start popping up uh earlier that the pixart one of the biggest made in Armenia basically startup already unicorn uh established in Armenia and since then a lot of startups like a lot of companies start moving from Outsource to the product prior even before the war right and there were still a lot of like Outsource companies because it's brings money but the last six six years there's like a a lot of Armenian startups start appearing in the market because uh it is more profitable it is more interesting when you're building your own product other than just a developing without understanding some kind of small part of it of course when the war started a lot of people from Ukraine from Russia from other countries moved to Armenia because we are uh very Tech friendly mhm and overall friendly uh but we have like a huge it community at that point yeah and when the startups and the companies start moving to Armenia they see that we have this capacity we have this knowledge we can help them we have the infrastructure we have everything and they love it and and they start relocating their offices to Armenia but to be honest we are not ready to that you know we have some kind of a limit ation capacity that's why it's drove somehow like a currency value changed and of course it become less profitable to be an the Outsource company but as a startup it's okay to be there you know it's still you're still struggling because as a startup you're earning money overseas in us or currency or European euros but you pay salaries in Armenia which is conver affects you highly but of course um still we are moving towards uh having the product country not not the outsourc country anymore I think the direction is set we're already going to that direction and uh we we see like a lot of big big startups appearing in the market last several years yeah yeah on the Outsource there is is still some Outsource here yes uh and and so you know I've spent much of my life in China uh and you know China and India are China less so because there's a concern about IP protection but India certainly is a massive uh Outsource Market where people uh go to find Engineers to build things uh if companies uh for for companies wanting to do that in Armenia how do you navigate that I was surprised to learn that because in the United States I'd never heard I've heard of Poland I've heard of uh you know India as uh as markets to build things but again uh we're a small country even if we want to we can be like you know like very like a visible in the market you know because if we become the visible and we get a lot of orders we can't fulfill that that's why a lot of like outsourced companies uh although they they earning money they're delivering some kind of value to the US or other countries uh startups or companies uh we have some kind of limitation on capacity what we can deliver yeah uh and at some point it maybe even doesn't make sense to to show that we can uh be outsourced country otherwise we're can be overwhelmed with the orders and then right we can fulfill the quality going to go down uh but what we want to do we want to show that we can deliver the startups and the products what this is what our ultimate goal in Armenian it to show that uh couple guys in their garage they can build a cool startup that can um raise millions of millions of uh Venture investment money and become uh the Unicorn at some point it started in Armenia but of course need to go to the um us or other big markets this is the another cool thing because when you are like a Poland or Indian startup when you're starting to building the startup you always look at the internal market right your local market to build the startups our local market is small and that's why we almost always think about the bigger markets yeah the markets have a huger opportunities that's why a lot of uh Russian startups when they moved to Armenia they're surprised that we how we are like uh how our visions of the product and the solutions are uh worldwide not local right because Russian startups they're always building startup for the local market it's a huge Market Russia and they never uh they never uh think about how we can go to the US US market or overseas Market they don't have the knowledge we have that knowledge MH and we have another like a cool thing opportunity something that we can call um since Armenia many years goes through the different challenges problems issues uh a lot of Armenians left their home country to the different countries and we considers uh consider ourselves as a network Nation M uh we spread it all over the world we have like generations of Armenians living overseas uh they um survived from the genocide in 1915 they went to the European countries us and then it's repeat several times recently we see this kind of uh issue as well and we have Armenians all over the world mhm and and they they live they integrated on their different countries lives becoming popular becoming like achieving some kind of positions and since when you left your home you always feel connected with your home and anytime Armenian startup need to reach kind of some kind of companies there's always some kind of person in that big corporation that is Armenian that can help you to open the door yeah this is uh some kind of like our uh Secret sauce basically I would say that uh help us to reach some kind of uh people some kind of opportunity gives our startup some kind of small opportunity to show ourselves to just get into front of the door basically and then the rest of course it's the how you solving the problems of course but this is the thing that the Armenian Community is trying to achieve show that we can be the Product Company not the outsourc country yeah um and and in terms of I met you at uh uh silicon Mountain a conference here uh is is that U is the tech industry pushing that uh that label silicon mountains or is that was that just the name of the conference just the name of the conference I think but what we're trying to show that we can have basically the similar thing in Armenia we can become like some kind of ultimate h of the startups in this region right uh we have the knowledge we have the capacity we have the opportunity uh that's why we want to become like some kind of the center of the region to become the Hub of the startup development yeah um and and then there there people are are companies in in the west are starting uh to acquire um Armenian startups at silicon uh Mountain the the conference um there was a CEO of adobe who was here to officiate at the opening of a building U because they had bought a company here what do you know the name of the company work the company called workfront they acquired several years ago uh we see several that kind of uh Acquisitions like that uh when you're becoming a bigger and then becoming visible in international market uh big corporations look to you and then after they acquiring you basically uh they don't want to close it because just taking the your the clients or just intellectual property they see the opportunity to grow and continue developing this product in Armenia that's why uh we see several other companies looking not only acquisition of the Armenian startups but also opening their offices in Armenia and doing some kind of research and development part of their some kind of a small part of the product in Armenia uh we see recently the Nvidia opened the office in Armenia as well and several other companies looking into the opening offices in Armenia right yeah and and your uh one of the things and this idea of switching from Outsource to product that requires you you you marketing a product from Armenia in the United States or in Europe or wherever whichever Market I mean I guess Russia is an easier Market because it's closer uh but how do you overcome that uh and and talk a little bit about the second startup that uh I saw there was another conference uh which was the primary reason I came DigiTech 2023 uh that featured a lot of Armenian startups and and yours was there uh can you tell us about about that and how do you reach the the Western Market I mean that to me sounds like a big big hurdle so again a lot of experience came from the doing Outsourcing stuff the back in the we have a lot of Specialists that used to do the marketing for the US companies so they work for the US companies doing the advertising and the social media marketing for the US and We Gather like a specialist in Armenia that have a lot of experience but of course uh we're looking for the new things always keeping touch in what's what's changing in the market and uh being in Armenia it's uh again uh we are very flexible we we are not a big Corporation we are implementing all the changes very quick learning very fast this is like our one of the advantages that's why if there's something need to be promoted in the US from Armenia uh there's no borders uh now if the several years ago you need to go to the inperson meetings after the covid it became like all now you can do everything through the zoom and that's why it's not as hard as it seems if you put enough effort uh enough time to learn the new thing that's appearing in the in the market uh regarding the our second startup we're doing this is again is marketing marketing solution uh couple years ago I see like a huge opportunity that the markets moved from the the regular advertising into the influencer marketing M and the influencers start taking some money from the big corporations like Google and the Facebook if back in days the all the money from their uh social impact on the influencers was earning by the Facebook or Google now uh the influencers taking that money back from the B big Corporation they start earning money doing that influencer marketing and then we jump into this field and start helping the influencers and the brands connecting together helping them to for from the brand sites to see uh which influencers is perfectly matching with them and our knowledge of artificial intelligence help us a lot because there's a lot of data need to be analyzed right a lot of data need to be much make together and on the other hand we start helping the influencers to be more visible for the brand so basically if you are a good influencer if you have a good influence even if you are a small Nano influencer up to 5 10,000 15,000 followers you still can earn a lot of money but you need to be visible so if you are a good quality Creator we help them to get in the front of the brands connecting together so we they can start working and earning money without middle man basically yeah and the the machine learning that that's analyzing all this data what what kinds of I imagine you're looking for uh patterns that match between uh the the the brand and the and the influencer what kind of systems do you use for that it's a very complicated system I'll be honest it seems very easy from outside but inside there's a lot of data going on because it's not just a just a brand and influencer there are like hundreds of million influencers in the world and then there's a lot of Brands it's all about like understanding the what brands needs and uh and the most important part it's not the finding the perfect influencer also finding the who is following this influencer so we are analyzing basically each follower of this influencer to maximize the matchmaking with these Brands needs for example if it's the Coca-Cola and uh Coca-Cola looking for the influencer it's not only just finding the perfect influencer also finding the people who loves Coca-Cola that follows these influencers so they need to be like a certain percentage of the followers so that when the influencer tell them something uh share his or her experience they can uh be uh some kind of attached to this content you know that they like it some kind of yeah this is the hard part there's a lot of data going on this insane amount and then we can do this probably now it's Computing Technologies are much faster um four five years ago I can't even imagine doing this kind of stuff because it will take it will cost a lot of a lot of money now it's much much cheaper basically and and you're you're getting the data from we're getting data from the user from the social media they're connecting their accounts to our system we uh officially collect all their data and then so this is this is like just Gathering the data it's not all about the data it's just the how you can process it yeah but uh how do you reach the influencers uh or is it through marketing and then they sign up on to the platform or or are you contacting influencers one by one we have different ways uh um we mainly like receiving the inbounding so they searching they finding our product they're looking for this kind of solution we're getting a lot of Google and inbounding traffic directly coming to our page and looking for these kind of solutions and after they sign up we're getting all their data after the consent and then start working with this data and interesting part they start using it they loving it they start sharing about the product that oh this is a cool thing and and it brings more and more people so it's like some kind of a viral Loop working for us so more people using more people are coming and in and so on so it's growing very fast right now what's the name of the the platform viral mango viral mango yeah like it's like we try to make some kind of like um unique name that you can remember yeah yeah and then on the brand side I would imagine the brands are a lot of people are trying to sell the brands on platforms like this so how do you how do you attract the brand uh we don't work on attracting Brands because uh we just show what we have what influencers we are working and then it gives them confidence because uh for the brands it's a big challenge as well to find the right influencer so in this part of our program like we're trying to help more influencers and when the brands looking for the influencers they they see who we are working with and they're happy to to find them through US basically it's again it's more inbounding we're helping the influencers and then as soon as the brand sees that what we have what the influencer we are working with they are happy to join us to find them and because they know that once they work with us uh they'll see like a better quality influencers better matchmaking and Etc right and your Revenue you essentially uh take a cut of of whatever uh Revenue the infl I mean where is the revenue coming from or is it a a subscription model where that you're selling what part of our product we have subscription base for just finding if they want to help us to then get connected and then we becoming some kind of a middle man of between them we take some kind of commission uh as well because there's a lot of fraud going on a lot of influencers see that the Brand's asking them to do the some kind of task and they don't get paid at the end or the same way the opposite way Brands pay up front and then the influencer disappears so we're becoming like some kind of middleman that we can collect the payment and then be the the person who judges you know who've done what part and then either we return the money if the deal is not done yet or they pay the influencer as soon as uh they complete all the task right U the uh with a lot of these platforms I mean I'm I'm supposed to be talking about AI but it's interesting a lot of these platforms uh you know once you make the connection upwork is an example you know once you make the connection you kind of make a private deal and go off platform so upw Works no longer getting is that a problem uh no because um it's not like a Brands want to every day work with the same person they need to Fresh blood every week every month basically that's why it's it's a continuing thing uh brand need to test it and work with several hundred uh influencers at once and we help them to understand who's the best who gives the best Roi on their like a dollar amount spend after they um they find their perfect influencer of course they go that this influencer might become the brand ambassador for these brands of course they're or doing the some kind of direct deal but before that they do a lot of testing they work together with a different influencer uh basically uh if we take a like analogy with the LinkedIn mhm uh people were updating their LinkedIn once in like a two three years when they changing the job with our solution they need to keep updated every week and they doing collaborations every week basically because the same influencer might work with the different brands every week twice or three times a week and the brands as well so it's uh uh always ongoing uh uh work basically yeah and to build the solution how how many Engineers did you require or or do you need actually we started um very lean U I'm a huge fan of the Lan startup idea how you need to like validate so basically uh we started with only one engineer couple the customer success special IST validated each step of it before moving forward and before proceeding and developing of like even the first line of the code so basically we got the clients even before we have even the part of our program we have just the screenshots basically when we started so yeah it's it's another thing we are uh I'm trying to implement in Armenia to go the lane to uh basically fail fast check it out everything and see if it works and then start building because uh we need like a quick turn around we need to take it uh to the market much quicker than just the building the MVP the showing to the market it's a little bit time changes basically now you can do it in a different way much efficient way yeah uh and and I would imagine you're continuing to deepen the Tech stock or or build new features so are you still just a couple of Engineers or or you we still couple Engineers were doing uh by the way uh I was like we're discussing this with our CTO uh recently and he started using one of the new AI Technologies and his efficiency went up to like a 30 40% using some kind of AI tool which that co-pilot or something viot yes of course yes that helps to write part of the code so basically we got advantage of using AI Technologies and instead of hiring we pay like a very small fee like 20 $30 a month or something like that and having a paid version of the co-pilot that uh just increases our capacity of the development basically and this is one of the things um I'm keep asking a lot of different conferences different when I'm like doing the panel discussions they keep asking oh what's going to happen with the job market with these AI tools and what I'm saying I'm continuing to say it's not all just a AI going to took over some kind of jobs it's a lot of time there's a lot of people who using the AI will take the job from the people who are not using AI yet this is the this is interesting thing of course there's going to be Market disruption a lot of jobs going to be absolete in a couple years but this is part of the evolution we've seen many times through the Industrial Revolution different kind of place time of the uh development of the changes the Innovations but right now I see that people need to understand how the AI Works how the Technologies are works and how they can leverage this because there's like a very good saying that um uh God made everyone equal and then the samel court make them equal you know like it just like when you're using this revolver now you're equal to everyone else who have this kind of Technology same with AI yeah we are now technically equal to each other that's that is remarkable uh and how quickly it spread um I I've got to ask since we're uh just a a couple of weeks away uh or off of the uh tension with aeran I I understand there's now some diplomatic moves uh that are easing tensions but is that that hit the international news uh and a lot of people who in the west who aren't thinking about Armenia suddenly thought about Armenia but as as a a place with a security issue is that do you think that's going to have an impact at all on the development of of the uh Tech ecosystem here of course it's affecting the developing the ecosystem because we are all humans mhm uh and we live in this country and every day uh when you see that uh shooting happen some kind of you know like genocide happened what we see like last month that more than 100,000 Armenians moved from their homes back to the part of the Armenia they relocated forcely uh it's affecting uh our development process our vision our you know like instead of uh working on the product delivering the product you think about like uh your friends family neighbors uh other Armenians that impacted through this uh we can't just you know we're not robots we we we we are human beings and of course it's affecting overall the ecosystem at first second of course it's a security thing for example if the developers uh Founders or startups uh they feel safe living in Armenia developing from here some of them they might think okay it's not safe anymore I might move from other and then do my job or develop startup from other country this is another thing that impacting the overall the ecosystem and the third part probably is that uh being Armenian startups we receive Venture Investments or any other investments from overseas MH so of course when it's not stable in the region uh nobody want to put money into that basket and that's affecting as well and and overall you know you always on the edge basically yeah and it's it it it can't be just invisible you know it's affecting a lot yeah yeah um okay well I'm up to an hour and I don't know if uh if the the next guy I've got three pre interviews that's a lot you can uh but is there anything that that you want to say that we didn't cover I don't know we we covered a lot of it's very very that's I I like it I love it how it goes you know like we covered a lot of things and overall you know um we have a problem that the Armenia basically is invisible for other countries I don't want to see Armenia in the news about the war in the some kind of like tensions any kind of things what my vision is to see Armenia in a good way you know we develop some kind of cool technology we solve that kind of huge problem for the world that's why I want to see Armenia in the news you know like to becoming um a number one in things in the news not in the bad way in a good part of the news section you know and but unfortunately uh we don't see that much often yeah but we need to continue work and then I hope we going to succeed that soon and then have the peace in the region because we see the other problems recently with another neighbors yeah we'll see how it goes yeah okay okay well this is great I I wanted to jump in and give a shout out to our sponsor net Suite by Oracle I'm a journalist and getting a single source of Truth is nearly impossible if you're a business owner having a single source of Truth is critical to running your operations if this is you you should know these three numbers 36,000 25 1 36,000 because that's the number of businesses that have upgraded to net Suite by Oracle netsuite is the number one Cloud Financial system streamlining accounting financial management inventory HR and more 25 because netsuite turns 25 this year that's 25 years of helping businesses do more with less close their books in days not weeks and drive down costs one because your business is oneof a kind so you get a customized solution for all of your kpis in one efficient system with one source of Truth manage risk get reliable forecasts and improve margins everything you need all in one place as I said I'm not the most organized person in the world world and there's real power to having all of the information in one place to make better decisions this is an unprecedented offer by netsuite to make that possible right now download netsuite's popular kpi checklist designed to give you consistently excellent per performance absolutely free at netsuite.com Oni that's ioni e ye o n AI all run together go to netsuite.com ion aai to get your own kpi checklist again that's netsuite.com I on AI e ye o n AI they support us so let's support them that's it for this episode I want to thank REM for his time if you want to read a transcript of the conversation today you can find one on our website I on AI That's ey yeyen n. AI in the meantime remember the singularity may not be near but AI is changing your world so pay attention

Channel: Eye on AI

Views: 2,587

Keywords: Inside The Armenia’s Tech Revolution & Rise of AI Startups, Rem Darbinyan, How is AI developed?, AI powerhouse, AI education trends, Education for AI, The emergence of AI talent, Armenia's AI Advancements, Which country uses AI the most?, Why AI is growing rapidly?, AI strategy for Armenia, An AI Institute for Armenia, What is the role of AI in startups?, Armenia market overview, Top AI Companies in Armenia, AI, Armenian information technology sector, IT Outsourcing of Armenia

Id: bW0YdXvZIcE

Length: 51min 51sec (3111 seconds)

Published: Wed Jan 03 2024