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VEON stock jumps after strategic AI partnership with MeetKai By Investing.com
Investing.com -- VEON Ltd. (NASDAQ:VEON) stock rose 4.1% Tuesday after the global digital operator announced a strategic partnership with sovereign AI firm MeetKai to develop locally-governed artificial intelligence capabilities across its operating markets. The collaboration aims to create and
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QazCode, Software Company of VEON Ltd. Signs Cooperation Agreement with MeetKai for Development and Training of Language Models
VEON Ltd. announced that its software company QazCode has signed a cooperation agreement with the sovereign AI firm MeetKai for the development and training of language models for new AI-based digital products across VEON Group. The partnership covers the development and training of language model
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VEON Ltd. announces strategic partnership with MeetKai to develop locally-governed AI capabilities across five markets, focusing on culturally fluent language models for over 150 million customers in Kazakhstan, Uzbekistan, Ukraine, Pakistan, and Bangladesh.
VEON Ltd. (NASDAQ:VEON) announced a strategic partnership with sovereign AI firm MeetKai to develop locally-governed artificial intelligence capabilities across its operating markets
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. The collaboration will focus on creating and training next-generation large language models through VEON's software company QazCode, targeting AI services in local languages across VEON's footprint of Kazakhstan, Uzbekistan, Ukraine, Pakistan, and Bangladesh2
.The announcement triggered a 4.1% surge in VEON's stock price on Tuesday, reflecting investor confidence in the partnership's potential
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. The collaboration aims to serve over 150 million customers across VEON's five operating markets, addressing a significant gap in AI services for underserved languages and regions2
.The partnership establishes a clear division of responsibilities, with MeetKai handling model training while QazCode manages data, local computing resources, and technological adaptation for localized AI applications
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. The approach prioritizes data sovereignty by building AI foundations that respect local regulatory requirements and operate within each country's borders1
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The companies plan to develop AI-based digital services across multiple sectors, including education, healthcare, agriculture technology, public services, and enterprise productivity
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. These services will include AI agents similar to QazCode's Aventa platform, designed to operate across multiple languages and tailored to local community needs2
.The initiative builds on QazCode's established track record in developing large language models for under-resourced languages, including KazLLM, the first Kazakh large language model, which received the GSMA Foundry Excellence Award in 2025
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. VEON has previously partnered with the GSMA and Barcelona Supercomputing Center to develop language models for underserved languages globally, demonstrating its commitment to linguistic inclusivity in AI development2
.Summarized by
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