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Stock impact report

VEON’s Jazz Enters Partnership to Support Local-Language AI LLM Development in Pakistan

VEON Ltd. - American Depositary Shares (VEON) 
US:NASDAQ Investor Relations: veon.com/investor-relations
Company Research Source: GlobeNewswire
Amsterdam, Dubai and Islamabad, 05 November 2024 – VEON Ltd. (Nasdaq: VEON, Euronext Amsterdam: VEON), a global digital operator, announced that Jazz, its digital operator in Pakistan, has signed a memorandum of understanding (MoU) with the National University of Sciences and Technology (NUST) and the National Information Technology Board (NITB). This collaboration aims to develop Pakistan’s first indigenous Large Language Model (LLM) to serve under-resourced regional languages, supporting digital inclusivity in AI technologies. The LLM will focus on Urdu and include datasets for Pashto and Punjabi. Digital resources in “low-resource languages” – languages beyond English, Spanish, French, Mandarin, Arabic, German, and Japanese – remain scarce, creating an AI language gap that impacts user experience, deepens bias, and widens the digital divide. VEON’s partnerships in Pakistan and Kazakhstan, alongside the integration of local-language AI tools in its digital services across six c Show less Read more
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