AI startups could become the new engine of Lithuania’s economic growth

Lithuania could become one of Europe’s strongest tech centres within just five years, according to the latest study by the association Unicorns Lithuania. The analysis shows that by 2030, the number of startups in the country could triple, the number of specialists employed could double, and the state budget could receive an additional €5 billion in tax revenue.

However, according to the association, such a breakthrough is only possible if the country actively fosters the creation of artificial intelligence (AI) startups. The study estimates that this would require €270 million in state investment by 2030.

Read full announcement (external link)

Originally published on 22 Jan

Announcements are published as a service to readers. The sender is responsible for all content. Announcements for publication can be submitted to announcements@thehanseatic.com.