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Kazakhstan’s Higgsfield AI Becomes First Billion-Dollar Tech Unicorn in the Country
On October 11, 2025, Kazakhstan’s artificial intelligence startup Higgsfield AI officially surpassed a $1 billion valuation, making it the country’s first-ever unicorn. The announcement came from founder and CEO Alex Mashrabov, who noted that no local company had reached this milestone in the past 15 years.
Product Offering and Recent Milestones
Higgsfield AI provides access to both proprietary and third-party AI models via subscription-based services. The startup recently acquired Alibaba’s Wan 2.5 model for $100 million, enhancing its ability to generate promotional videos and trailers with dynamic, AI-driven camera motion.
Founder Background and Financial Success
Mashrabov previously led the generative AI division at Snap Inc. He emphasized that reaching unicorn status is a historic moment for Kazakhstan’s tech ecosystem. Higgsfield AI currently reports annual revenues exceeding $50 million.
Investor Backing and Regional Impact
The company has secured backing from major international investors, including Menlo Ventures, known for funding top AI firms like Anthropic.
Experts believe Higgsfield AI’s rise will inspire further innovation across Central Asia and draw increased interest from global venture capital into the region’s tech scene.
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Invitation to Participate in the International Online Olympiad in Finance
The Turkmen State Institute of Economics and Management invites students from Turkmenistan and foreign universities to take part in the 2nd Open International Online Olympiad in “Finance”, which will be held on November 14.
According to “Turkmenistan: The Golden Age”, all interested students studying in various fields are welcome to participate. Each university may nominate up to four students.
The Olympiad will be conducted individually. The official languages of the competition are Turkmen, Russian, and English.
Winners will receive diplomas of the 1st, 2nd, and 3rd degrees. Participants who successfully complete all six tasks but do not win will be awarded certificates of merit.
To participate, applications must be sent by November 10 to the following email addresses: tsiem.olymp@gmail.com or tsiem.muhanow@gmail.com, following the application form available on the institute’s website.
Additional information can be found on the institute’s website, via the above email addresses, or by phone: +993 12 48 62 73, +993 62 03 59 90.
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