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VEON bets on local AI models as key growth drivers in emerging markets, boosting digital revenues.

Market News
31 Mar 2026
Erica Kollmann
View Source
Bullish
pluang ai news

VEON CEO Kaan Terzioglu revealed that the company is focusing on sovereign AI—locally built AI models tailored to languages and cultures in markets like Pakistan, Bangladesh, Ukraine, Kazakhstan, and Uzbekistan. This strategy integrates AI across fintech, healthcare, education, and entertainment, driving digital revenues to $759 million in 2025, or 17.3% of total revenue. VEON's digital ecosystem now has 205 million active users, surpassing its connectivity base. The CEO emphasized that global AI providers overlook these markets, making local AI development crucial for growth and profitability. Partnerships like with MeetKai help VEON develop these models efficiently, positioning the company as a digital and AI operator for the future.

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