Government supports Mirat Murat
The Albanian government has approved the co-financing of Startup’s Thinking Machines Lab, founded by Mira Murati, with a $ 10 million fund. According to the government, the investment is expected to have a direct impact on the Albanian innovation and economy. The company aims to develop systems more understandable and powerful than chatgpt, while its value can reach over $ 10 billion.
Albania will co-finance with $ 10 million the new platform in terms of artificial intelligence that former Open AI technology chief Mira Murati is building, called « Thinking Machines Lab ». The government’s normative act at the request of the Ministry of Economy, Culture and Innovation received the « Green Light » in the Commission on Economy and Finance.
« This start-up is one of the most innovative projects globally in the field of artificial intelligence, with great potential for technological advancement and economic income for the country. It offers strategic benefits to Albania as a whole, where in addition to direct economic impact, this partnership will increase Albania’s position in the global technological community, showing the country’s commitment to supporting the country, » Finance, Petrit Malaj.
The government argues that Albania’s funding in Thinking Machines Lab would be more profitable for Ven’s economy. Thinking Machines Lab has stated that it aims to build systems that are more comprehensible, personal and more capable than existing chatgpt.
« Budget review 2024, proposed through a normative act, provides for an additional ALL 1 billion in revenue and expenditure. This change does not affect the level of budget deficit, which remains unchanged, both in nominal and in relation to GDP compared to the initial budget for 2025, » Malaj added.
The new startup of that founded Albanian Mira Murati is aiming to close one of the biggest initial rounds, with a target of $ 2 billion. According to Business Insider, if this figure is reached, the company’s value will reach at least $ 10 billion – despite the startup still does not have a concrete product or income.
