STOCK TITAN

VEON’s QazCode Signs MoU with Seekr to Develop AI-Powered Solutions to Drive Digital Growth

Rhea-AI Impact
(High)
Rhea-AI Sentiment
(Very Positive)
Tags
AI

VEON Ltd. (NASDAQ: VEON) has announced that its Kazakh software development company, QazCode, has signed an MoU with Seekr to develop AI-powered B2B solutions. QazCode will integrate SeekrFlow, an end-to-end enterprise AI platform, to accelerate the development of augmented intelligence solutions across VEON's operating countries.

QazCode has already achieved significant milestones in AI development, including creating KazLLM, an AI model with versions containing 8 billion and 70 billion parameters, and Kaz-RoBERTA, the first Kazakh language AI model with 2 billion parameters. The company's KazLLM recently won the GSMA Foundry's Artificial Intelligence Award at MWC Barcelona in February 2025.

VEON Ltd. (NASDAQ: VEON) ha annunciato che la sua società kazaka di sviluppo software, QazCode, ha firmato un Memorandum d'Intesa con Seekr per sviluppare soluzioni B2B basate sull'intelligenza artificiale. QazCode integrerà SeekrFlow, una piattaforma AI aziendale end-to-end, per accelerare lo sviluppo di soluzioni di intelligenza aumentata nei paesi in cui VEON opera.

QazCode ha già raggiunto importanti traguardi nello sviluppo dell'AI, tra cui la creazione di KazLLM, un modello AI con versioni da 8 miliardi e 70 miliardi di parametri, e Kaz-RoBERTA, il primo modello AI in lingua kazaka con 2 miliardi di parametri. Il KazLLM dell'azienda ha recentemente vinto il Premio per l'Intelligenza Artificiale GSMA Foundry al MWC di Barcellona nel febbraio 2025.

VEON Ltd. (NASDAQ: VEON) ha anunciado que su empresa kazaja de desarrollo de software, QazCode, ha firmado un Memorando de Entendimiento con Seekr para desarrollar soluciones B2B impulsadas por IA. QazCode integrará SeekrFlow, una plataforma empresarial de IA de extremo a extremo, para acelerar el desarrollo de soluciones de inteligencia aumentada en los países donde opera VEON.

QazCode ya ha alcanzado hitos significativos en el desarrollo de IA, incluyendo la creación de KazLLM, un modelo de IA con versiones que contienen 8 mil millones y 70 mil millones de parámetros, y Kaz-RoBERTA, el primer modelo de IA en idioma kazajo con 2 mil millones de parámetros. El KazLLM de la compañía ganó recientemente el Premio de Inteligencia Artificial GSMA Foundry en el MWC de Barcelona en febrero de 2025.

VEON Ltd. (NASDAQ: VEON)은 카자흐스탄 소프트웨어 개발 회사인 QazCodeSeekr와 AI 기반 B2B 솔루션 개발을 위한 양해각서(MoU)를 체결했다고 발표했습니다. QazCode는 엔드투엔드 기업 AI 플랫폼인 SeekrFlow를 통합하여 VEON이 운영하는 국가 전반에 걸쳐 증강 지능 솔루션 개발을 가속화할 예정입니다.

QazCode는 이미 80억 및 700억 개 파라미터를 가진 버전을 포함한 AI 모델 KazLLM과 20억 개 파라미터를 가진 카자흐어 최초 AI 모델 Kaz-RoBERTA를 개발하는 등 AI 개발에서 중요한 성과를 이뤘습니다. 이 회사의 KazLLM은 2025년 2월 바르셀로나 MWC에서 GSMA Foundry 인공지능상을 수상했습니다.

VEON Ltd. (NASDAQ : VEON) a annoncé que sa société kazakhe de développement logiciel, QazCode, a signé un protocole d'accord avec Seekr pour développer des solutions B2B propulsées par l'IA. QazCode intégrera SeekrFlow, une plateforme IA d'entreprise de bout en bout, afin d'accélérer le développement de solutions d'intelligence augmentée dans les pays où VEON opère.

QazCode a déjà atteint des jalons importants dans le développement de l'IA, notamment la création de KazLLM, un modèle d'IA avec des versions comportant 8 milliards et 70 milliards de paramètres, ainsi que Kaz-RoBERTA, le premier modèle d'IA en langue kazakhe avec 2 milliards de paramètres. Le KazLLM de la société a récemment remporté le Prix de l'Intelligence Artificielle GSMA Foundry au MWC de Barcelone en février 2025.

VEON Ltd. (NASDAQ: VEON) hat bekanntgegeben, dass sein kasachisches Softwareentwicklungsunternehmen QazCode ein Memorandum of Understanding (MoU) mit Seekr unterzeichnet hat, um KI-gestützte B2B-Lösungen zu entwickeln. QazCode wird SeekrFlow, eine End-to-End-Unternehmens-KI-Plattform, integrieren, um die Entwicklung von Augmented-Intelligence-Lösungen in den von VEON betriebenen Ländern zu beschleunigen.

QazCode hat bereits bedeutende Meilensteine in der KI-Entwicklung erreicht, darunter die Erstellung von KazLLM, einem KI-Modell mit Versionen von 8 Milliarden und 70 Milliarden Parametern, sowie Kaz-RoBERTA, dem ersten kasachischen KI-Modell mit 2 Milliarden Parametern. Das KazLLM des Unternehmens gewann kürzlich den GSMA Foundry Artificial Intelligence Award auf dem MWC Barcelona im Februar 2025.

Positive
  • Partnership with Seekr will enhance QazCode's AI capabilities and B2B solutions offering
  • QazCode has successfully developed multiple AI products including KazLLM and Kaz-RoBERTA
  • Recent recognition with GSMA Foundry's Artificial Intelligence Award demonstrates technological leadership
  • International expansion beyond Kazakhstan market indicates growth potential
Negative
  • None.

Insights

VEON expands AI capabilities through QazCode-Seekr partnership, building on successful language models, without immediate financial impact.

This strategic partnership between VEON's QazCode and Seekr represents a calculated advancement in VEON's AI capabilities. The integration of SeekrFlow's enterprise AI platform will enable QazCode to accelerate development of B2B solutions focused on process automation, AI agents, and data management capabilities.

QazCode has already established credible AI credentials through several notable achievements, including:

  • Development of KazLLM with impressive 8 billion and 70 billion parameter versions
  • Creation of the Kaz-RoBERTA-conversational model with 2 billion parameters - the first AI model in Kazakh language
  • Recognition through the GSMA Foundry's Artificial Intelligence Award at MWC 2025

This partnership aligns with the broader industry trend of telecom operators evolving beyond connectivity services into higher-value digital offerings. VEON's systematic investment in AI capabilities - particularly in developing language models for specific local markets - suggests a differentiation strategy that could create defensible market positions in regions where it operates.

QazCode's international expansion beyond Kazakhstan indicates VEON's ambition to monetize its software development capabilities across multiple markets. However, as this remains at the MoU stage without specified financial terms, implementation timelines, or revenue projections, it represents an early-stage strategic move rather than something with quantifiable near-term business impact.

The partnership demonstrates VEON's continued execution of its digital operator strategy while positioning the company for future AI-driven business opportunities built on its existing telecommunications footprint.

Dubai and Astana, May 07, 2025:  VEON Ltd. (Nasdaq: VEON), a global digital operator (“VEON” and together with its subsidiaries, the “Group”), announces that QazCode, its Kazakh software development company, has signed a Memorandum of Understanding (MoU) with Seekr, an artificial intelligence (AI) technology provider, to develop and implement AI-powered business-to-business (B2B) solutions across QazCode’s operations.

To accelerate its development of augmented intelligence solutions for use across all of VEON’s operating countries, QazCode will integrate the end-to-end enterprise AI platform, SeekrFlow, into the creation and deploying of generative AI applications. The use of SeekrFlow will accelerate QazCode’s development and optimization of AI solutions for its enterprise customers through process automation, the creation of AI agents and advanced data management.

“Enterprises worldwide are turning to augmented intelligence to gain business advantage. QazCode’s ambition is to be a leading developer of AI applications in Kazakhstan and internationally, and the selection of partners is critical. Seekr is a proven leader in AI technologies for software development,” stated Kaan Terzioglu, CEO of VEON Group. “From helping develop first-of-its-kind large language models in Kazakhstan to supporting seamless data automation, we are proud to see that QazCode is leading the way in AI, and this partnership with Seekr will build significantly on its capabilities.”

QazCode has expanded from pioneering digital products in its home market of Kazakhstan to supporting international customers. The partnership with Seekr will specifically strengthen QazCode’s offering to its enterprise customers and enable AI adoption across business services.

“As part of VEON Group, Beeline Kazakhstan and QazCode have constantly proven themselves to be at the very forefront of transformative technology and thinking. We are thrilled to collaborate with them, to bring advanced generative AI technology to their subscribers and enterprise customers, using SeekrFlow as the foundation software platform for VEON’s AI initiatives”, said Rob Clark, President of Seekr.

QazCode and Beeline Kazakhstan have launched several AI products in collaboration with Kazakh and international companies, as well as developed in-house solutions. These include KazLLM, developed in partnership with ISSAI NU, Astana Hub, and with the support of the Ministry of Digital Development, in versions with 8 billion and 70 billion parameters. QazCode also created the open-source LLM Kaz-RoBERTA-conversational model — the first AI model in the Kazakh language with 2 billion parameters, which is currently used for customer interactions on Beeline Kazakhstan’s digital platforms.

The KazLLM was the recipient of the GSMA Foundry’s Artificial Intelligence Award at Mobile World Congress (MWC) in Barcelona on February 11, 2025. Beeline Kazakhstan and QazCode worked alongside the GSMA Foundry and the Barcelona Supercomputing Center, which has developed an LLM for the Catalan language, by sharing its expertise on LLM development. 

About Seekr Technologies Inc.
Seekr is a privately held artificial intelligence company that fuels innovation and unlocks productivity for businesses and government through accurate and explainable AI solutions. Seekr offers a complete, end-to-end Enterprise AI platform with comprehensive AI-Ready data preparation and analysis capabilities and a toolset to build domain-specific large language models. Seekr models are optimized across enterprise use cases and run on all leading cloud and hardware providers. “Build at the AI Foundry, deploy at the Edge.”

About Beeline Kazakhstan and QazCode
Beeline Kazakhstan serves 11 million customers with mobile connectivity and two million with fixed internet services. Since 2018, the company has been executing its digital operator strategy. Over the past five years, leveraging its expertise in digital solution development, Beeline has created an ecosystem of 60 internal and external products. Beeline Kazakhstan is majority-owned by VEON.

QazCode, the software development company of Beeline Kazakhstan, is one of the largest companies in Kazakhstan. The 750-person QazCode team delivers expertise in areas such as the creation of private Large Language Models (LLMs) with a strong focus on data security, process optimization using Agile methodologies, full-cycle implementation of Business Support Systems (BSS), and the provision of IT outsourcing services.

About VEON

VEON is a digital operator that provides converged connectivity and digital services to nearly 160 million customers. Operating across six countries that are home to more than 7% of the world’s population, VEON is transforming lives through technology-driven services that empower individuals and drive economic growth. VEON is listed on NASDAQ. For more information visit: http://www.veon.com/.

Contact Information

VEON
Hande Asik
Group Director of Communications
pr@veon.com



FAQ

What is the purpose of VEON's QazCode partnership with Seekr?

QazCode's partnership with Seekr aims to develop and implement AI-powered B2B solutions by integrating SeekrFlow platform to accelerate the development of augmented intelligence solutions across VEON's operating countries.

What are the main AI achievements of VEON's QazCode in Kazakhstan?

QazCode has developed KazLLM (with 8B and 70B parameters) and Kaz-RoBERTA (2B parameters), the first AI model in Kazakh language, and won the GSMA Foundry's Artificial Intelligence Award at MWC 2025.

How will the Seekr partnership benefit VEON (VEON) shareholders?

The partnership will strengthen QazCode's B2B offering, enable AI adoption across business services, and support international expansion, potentially driving growth for VEON shareholders.

What is SeekrFlow and how will QazCode use it?

SeekrFlow is an end-to-end enterprise AI platform that QazCode will use to accelerate development and optimization of AI solutions through process automation, creation of AI agents, and advanced data management.
Veon Ltd

NASDAQ:VEON

VEON Rankings

VEON Latest News

VEON Stock Data

3.19B
73.93M
0.06%
24.92%
0.07%
Telecom Services
Communication Services
Link
Netherlands
Amsterdam