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Musk Files Amended Lawsuit Against OpenAI and Microsoft
Elon Musk has filed an amended lawsuit against OpenAI, naming Microsoft, LinkedIn co-founder Reid Hoffman, and former OpenAI board member Dee Templeton as new defendants. Musk accuses OpenAI and Microsoft of engaging in anticompetitive practices and attempting to monopolize the…
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Tessl Raises $125M at a $500M+ Valuation to Build AI That Writes and Maintains Code
London-based startup Tessl has raised $125 million and achieved a post-money valuation of over $500 million to build a groundbreaking AI-native platform for developers. Tessl’s platform aims to simplify the creation and maintenance of software, particularly in a world where…
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Google launches Gemini app for iOS worldwide
On Thursday, Google launched its dedicated app for its AI-powered assistant, Gemini, on iOS worldwide according to techcrunch.com. Previously, iOS users had to rely on the Google app or mobile web to interact with the AI technology. The new Gemini…
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MFA Spokesperson Clarifies Armenia’s Position on CSTO
The spokesperson for Armenia’s Ministry of Foreign Affairs (MFA) confirmed that Armenia’s position on the Collective Security Treaty Organization (CSTO) remains unchanged. Speaking about the recent meeting in Moscow, the MFA spokesperson highlighted that Armenia continues to keep its participation…
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Dollar Rate Stable; Euro Drops by Around 4 Drams
Today, November 14, the USD exchange rate stands at 387.64 AMD, showing a decrease of 0.01 AMD from the previous day, according to the official website of the Central Bank. The exchange rate for the euro is 407.41 AMD (down…
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Armenia’s tourism growth relies on neighboring countries
The Armenian Tourism Committee has reported that 203,810 tourists visited Armenia in October 2024, an increase of 8,000 compared to the same period last year. However, this apparent growth is mostly attributed to neighboring countries, namely Russia, Georgia, and Iran,…
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Exchange Rates as of November 13
We present the exchange rates for foreign currencies bought and sold by Armenian banks as of November 13, according to rate.am. The U.S. dollar is purchased at an average rate of 385.13 AMD and sold at 390 AMD. The euro…
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What are the risks to China’s modernization and energy projects of Armenian NPP?
China’s recent interest in supporting the modernization of Armenia’s nuclear power plant (ANPP) highlights its expanding influence in the South Caucasus region. During discussions with Armenian officials, Chinese Chargé d’Affaires in Armenia, Chen Min, expressed China’s readiness to assist Armenia…
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Why is Armenia Changing Electric Vehicle Import Rules Midway?
Armenia’s government is preparing to amend its electric vehicle (EV) import policies by restricting VAT exemptions solely to newly manufactured vehicles. This shift raises several important questions, as the new rules may impact existing EV owners who imported their vehicles…
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What Challenges Does the New Mandatory Stamping Requirement for Packaged Water Face?
Armenia’s new mandatory stamping program for packaged water, set to take effect on May 1, 2024, aims to establish product traceability from production to sale. Introduced by the State Revenue Committee (SRC), this initiative is intended to enhance product control.…
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Temporary Closure on H-46 Tatev Road Due to Blast Operations
The temporary closure of a section of the H-46 /M-9/-Tatev-/M-2/ highway from kilometer markers 16+580 to 16+640 is due to planned construction and blast operations for infrastructure improvement. According to Armenia’s Road Department, the road will be closed from November…
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Newly Discovered Early Medieval Rock-Cut Complex in Ohanavan Yields Significant Archaeological Artifacts
Ohanavan, Aragatsotn Region – A recent archaeological excavation led by Mher Khechoyan and the team from the Research Center for Cultural Heritage in collaboration with the Institute of Archaeology and Ethnography has uncovered valuable artifacts in a newly discovered early…
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Brent fell to $73.63 amid continued declines
On Monday morning, the price of Brent crude oil continued its decline, hitting $73.63 per barrel for January futures on London’s ICE Futures exchange. This marked a $0.25 (0.34%) drop from Friday’s close, when Brent prices saw a more substantial…
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Armenian Trucks Face Long Delays at Russia-Georgia “Upper Lars” Border Crossing
Approximately 700 Armenian freight trucks are currently stalled at the “Upper Lars” checkpoint along the Russia-Georgia border. This congestion is attributed to adverse weather conditions along the strategic Gudauri-Kobi section of the Mtskheta-Stepantsminda-Lars international road, which is a vital route…
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US dollar and other foreign exchange rates as of November 10
As of November 10, exchange rates in Armenia’s financial market show the USD at 386-389 AMD, EUR at 416-420 AMD, and RUB at 3.94-4 AMD. These rates, provided by rate.am, reflect the current trends for cash transactions. Rates may fluctuate…
