‘Artificial Intelligence is a core part of Industry 4.0,’ says Kurt Farrugia as AI startup launches in Malta

Actable AI, an emerging British tech start-up, is gearing up to start operations in Malta. The company, which offers a way to analyse numerical and textual data with AI-powered data science algorithms, was co-founded by Dr Armen Poghosyan and Dr Trung Huynh.

Dr Poghosyan was an Earth and Space Scientist with 23 scientific publications cited over 430 times by researchers from NASA, Airbus, MIT and Harvard. He was also an entrepreneur in residence and mentor at Oxford University Innovation. Meanwhile, Dr Huynh has worked as a software engineer and data scientist at several major companies such as Palantir, Goldman Sachs, and Google.

Speaking of starting operations on the island, Dr Poghosyan highlighted “we are really excited to open a subsidiary of our UK company in Malta and are currently hiring for several roles in Malta.”

“We have been working with the Malta Enterprise team over the past few months and they have supported us tremendously throughout the entire process. Malta’s commitment to grow its tech sector by attracting world-class companies and talent to the island is laudable and would bear significant long-term benefits such as well-trained talent and high-quality jobs,” he continued.

Dr Huynh added, “our mission is to democratize advanced analytics and enable everyone to easily use AI and Deep Learning based algorithms without coding to get fast and accurate insights from their data.”

Malta Enterprise CEO Kurt Farrugia stated that “Actable AI is playing a role in developing Malta’s AI ecosystem, which continues to attract highly innovative enterprises, building on the number of AI companies which have already chosen Malta as their new home, such as TrustStamp, Vital4Data and city FALCON.”

Mr Farrugia added that “we have to recognise that Artificial Intelligence is a core part of Industry 4.0; in Malta we hope to be at the forefront by harnessing the immense potential generated by hi-tech start-ups.”

“At Malta Enterprise, we are excited to support such innovation through our holistic suite of business support measures. If we can do our part in attracting and nurturing talent, it will go a long way towards future-proofing the Maltese economy; if Covid-19 has taught us anything, it is that under these adverse circumstances, embracing technological innovation is the key to not only survive, but thrive,” he concluded.