Business

Armenian-Founded Gecko Robotics Secures $71 Million U.S. Navy Deal To Cut Maintenance Delays And Boost Fleet Readiness

Gecko Robotics, the AI and robotics company co-founded and led by Armenian-American entrepreneur Jake Loosararian, announced a major new agreement with the U.S. Navy and the General Services Administration,...

Armenian Startup Megaladata Expands Globally From Yerevan to Help Businesses Process Data Faster and Make Smarter Decisions

As companies generate more data than ever before, many still struggle with familiar bottlenecks:...

100 New Starlink Terminals Arrive In Armenia To Bring Fast, Stable Internet To Remote Schools Nationwide

A new batch of 100 Starlink terminals, donated to the Government of Armenia, has...

Armenia’s GDP Grows 7.2% In 2025, Reaching $29.2 Billion

Armenia’s Gross Domestic Product (GDP) in 2025 increased by 7.2% compared to 2024, totaling...

BREAKING: Armenian Billionaire & Philanthropist Samvel Karapetyan Detained for Two Months Over Church Support; Lawyers Call Decision “Absurd & Unlawful”

Prominent Armenian-Russian billionaire businessman and philanthropist Samvel Karapetyan has been detained for two months by the Criminal Court of the General Jurisdiction of Yerevan. The...

Armenian-Founded Gecko Robotics Reaches Historic Unicorn Status With $1.25 Billion Valuation

Gecko Robotics, co-founded and led by Armenian-American entrepreneur Jake Loosararian, has officially reached unicorn status. The Pittsburgh-based company just raised $125 million in a...

BREAKING: $500 Million AI Factory To Launch In Armenia By 2026, Powered By NVIDIA, Making it A Regional AI Powerhouse

Armenia is set to become a regional powerhouse in artificial intelligence. Firebird, a San Francisco– and Yerevan-based AI cloud startup, has officially announced a...

Baby with Rare Disease Thrives After Life-Saving World-First Gene Therapy Made by Nobel Laureate, Descendant of Armenian Genocide Survivor

A baby born with a rare and dangerous genetic disease is growing and thriving after getting an experimental gene editing treatment made just for him, reports the Associated Press. Researchers described the...

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