Veon (VEON) said Tuesday its digital operator in Ukraine, Kyivstar, teamed up with the Ministry of Digital Transformation to develop a large language model trained on Ukrainian-language data.
The initiative builds on Veon and Kyivstar's $1 billion commitment to rebuild Ukraine's digital infrastructure through 2027. The model is being designed to store and process sensitive data entirely within the country.
The first version of the LLM is expected to launch by December, the company said.
Veon shares were rising 3.1% in recent trading.
Price: 41.25, Change: +1.24, Percent Change: +3.10
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