10:40 - 20.02.2026

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February 20, Fineko/abc.az. The Turkish authorities will create a $10 bn venture fund to finance startups in the field of artificial intelligence and data processing until 2030.

ABC.AZ reports that Minister of Industry and Technology Fatih Kajir said that the finances will be used to develop data centers, cloud infrastructure and digital technologies in industry, healthcare, finance and the public sector.

The fund will become part of a National Technology Initiative and will directly support AI startups. The country is also implementing programs to develop quantum technologies and strengthen digital infrastructure in order to increase its global competitiveness and become one of the world's leading digital centers.