Friday, June 19, 2026

Headlines

Technologies

The first private artificial intelligence supercomputer cluster in the Baltics has been created

The domestic technology company Datakom and its specialized artificial intelligence department AI Datacenter Engineers have created the first private high-performance supercomputer cluster designed for running and training artificial intelligence models, informs Jūlija Pīlēna, Datakom’s marketing manager. The Datakom supercomputer cluster consists of a combination of two devices that reach a capacity of two petaflops. This means that this device every second […]

A historic deficit has begun in the computer components market

The memory shortage caused by the rapid development of artificial intelligence and data centers around the world has reached a historic level. In the business sector, computer hardware prices could increase by about 30% next year, while in the open market the rise is expected to be even sharper, an expert forecasts, pointing to significant challenges for clients in Latvia and abroad. In the global memory market, the shortage has become so great that […]

“Delska” is building the most powerful infrastructure in the region

At a time when the volume of company data is literally exploding, IT continuity and secure data storage are becoming a critical prerequisite for business growth. Latvian data center operator “Delska” (formerly DEAC), which has recently attracted substantial investments from a Luxembourg fund, is responding to this demand by building the most powerful data center in the Baltics. The new data center in Riga, on Latgales Street with a total capacity of 10 MW, will become […]

MICA regulation: competitive “on paper”, in practice – nothing

Since mid-August, the number of licensed crypto-asset service providers in the European Union has increased by 52%, reaching 82 companies. Latvia, however, has not yet issued any licenses, as the Bank of Latvia has concerns about the potential market players’ reputation and level of maturity, the Head of Financial Technology at the Bank of Latvia emphasized at a meeting of the Subcommittee on Innovation Ecosystem Development of the Saeima Sustainable Development Committee […]

Low-cost private aviation

To be able to offer elite, private aviation to a wider audience, JSX co-founder and CEO Alex Wilcox has to stay one step ahead of federal regulations. As if it were an awkward joke by his grumpy character from the series Curb Your Enthusiasm, writer and actor Larry David has arrived at the wrong airport – Los Angeles instead of Burbank. “Wait a minute!” says the airline JSX co-founder and […]

Billions at work – Latvia’s EU funds puzzle

Twenty years in the European Union have significantly transformed Latvia’s economic environment: roads and bridges have been built, laboratories and industrial parks established, public services digitalized, as well as energy systems modernized and upgraded. Since accession in 2004, approximately 18 billion euros of EU funding have been invested in Latvia in several thousand projects – an amount that domestic resources alone could not provide. The main question now is […]

Freedom by overworking and growth in drama

It is 2018, 10:30 p.m. A bottle of wine in my left hand. A box of tissues in my right. Feverish after a 15-hour workday, yet feeling lighter than I had in years – both literally and figuratively. For the first time in many years, I wasn’t carrying a laptop. It was my last day in the United Kingdom before moving back to Riga. Two thoughts were running through my head: 1. This is […]

Artificial intelligence has exploded, but don’t worry – you’ll forget your passwords anyway

In business there are only two misfortunes: one – to ignore artificial intelligence (AI), the other – to start using it in too much of a rush. This month OpenAI released GPT-5, and the world hastily proclaimed the death of imagination, the demise of accountants, and even the end of PowerPoint. Of course, none of that happened. Accountants are still billing by the hour, and PowerPoint is as immortal as the paintings in hotel corridors. And yet – […]

In the VDAA competition for the development of an election platform, Emergn and RIX Technologies have been invited to participate

In the State Digital Development Agency’s (VDAA) tender for the development or adaptation of an election platform for the Saeima elections, the companies AS Emergn and AS RIX Technologies have applied to participate in the restricted procedure, according to information in the Electronic Procurement System (EIS). In a restricted tender, anyone interested may apply, but the contracting authority itself chooses which companies to invite to submit bids. Information on the VDAA website shows that, according to the agency’s estimates […]

It is possible to obtain a certificate on a car’s insurance history free of charge

On the Latvian Motor Insurers’ Bureau (LTAB) website http://www.ltab.lv, it is possible to request, free of charge, a certificate of a person’s insurance history accumulated in Latvia, for submission to foreign insurers. Likewise, on this site drivers can submit to Latvian insurers a certificate of their insurance history accumulated abroad. “Latvia is one of the first countries in Europe to offer a centralized electronic system for the exchange of insurance history information, thereby allowing car owners […]