Banks & Finance

AI vs. inflation: Kazakhstan deploys supercomputer to tackle rising prices

supercomputer
Supercomputer to monitor prices / Photo: Shutterstock, photo editor: Adelina Mamedova

Kazakhstan is turning to cutting-edge technology to tackle inflation, deploying a powerful supercomputer to analyze price data and monitor commodity flows across the country in real time.

Ablaikhan Ospanov, acting chairman of Kazakhtelecom, the national telecommunications operator, announced at a recent government meeting that the company’s supercomputer will be used to regulate trade and track the movement of goods. The system will be fed data from the Bureau of National Statistics, the Ministry of Finance, and the Ministry of Trade and Integration.

«We will be able to load the necessary data into the supercomputer to analyze commodity flows in real time, forecast exports and imports, model commodity balances and food security scenarios, and assess inflation risks,» Ospanov said.

Using this analysis, the government also plans to develop AI assistants for government agencies and commercial stakeholders to provide real-time recommendations on trade and pricing.

In July, President Kassym-Jomart Tokayev attended the official launch of the new supercomputer at the AlemCloud National Supercomputer Center. Powered by Nvidia H200 graphics processors, the machine delivers up to 2 exaflops of performance under the FP8 calculation methodology, making it the most powerful computing system in Central Asia.