VEON’s Kyivstar Launches GenAI Lab with Amazon Web Services (AWS)

Amsterdam, Dubai and Kyiv – VEON Ltd. (Nasdaq: VEON), a global digital operator (“VEON” or the “Company”), announces the launch of a generative AI lab by Kyivstar in partnership with Amazon Web Services (AWS). This initiative will help Ukrainian enterprises introduce AI technologies with the aim to enhance business processes and contribute to the country’s long-term economic recovery.
Harnessing the power of AWS cloud solutions, the new lab will deliver AI services, such as text and visual content generation, augmented intelligence-based chatbots, virtual assistants, and more. These tools will help to enhance operational efficiencies for Ukrainian businesses, create competitive advantages and support long-term growth.

“Generative AI has the potential to be a transformative force for the efficiency and competitiveness of Ukraine’s enterprises. It will also play a pivotal role in driving economic growth as part of Ukraine’s long-term recovery,” said Oleksandr Komarov, CEO of Kyivstar. “Our successful partnership with AWS has bolstered our expertise in data processing and analysis. The launch of this generative AI lab represents the next step in delivering innovative augmented intelligence and cloud services to our business customers.”

In addition to serving Ukrainian enterprises, Kyivstar and Kyivstar Tech will also offer services like cloud migration and analytics to international markets, building up Ukraine’s technology export capacity.

This partnership builds on the December 2023 collaboration between Kyivstar and AWS, which focused on accelerating cloud migration, enhancing data storage solutions, and strengthening cybersecurity in addition to the migration of Kyivstar’s own data management platform to the AWS cloud.

As part of its commitment to Ukraine’s recovery, VEON and Kyivstar recently announced a five-year (2023–2027), USD 1 billion investment plan at the Ukraine Recovery Conference in Berlin. This significant increase from the previously announced USD 600 million will fund network and digital service expansion, potential acquisitions, social initiatives, and partnerships. Kyivstar was recognized as the top international investor in Ukraine in 2022 and 2023 by Forbes Ukraine and New Voice of Ukraine.