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Sergey Kartashov talks about why Cyprus is best for relocating IT companies

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Sergey Kartashov, the CEO of Generation Partners, has a huge experience of working as head of an IT asset management company. He finds Cyprus as one of the best countries in the world for IT industry and believes it is also best for relocating IT companies, especially from Eastern Europe.

Factors that make a Country Attractive for Relocation

There are dozens of factors that make a country attractive to IT companies from all across the world. In recent years, Cyprus welcomed IT companies from Eastern Europe and various other parts of the world. According to Sergey Kartashov, the most important factors in this regard are tax policy, legislation, cost of living, infrastructure, and the existence of a developed IT community.

Based on these factors, countries are divided into various categories. The US, Lithuania, Estonia, the Netherlands, Germany, and Cyprus are among the most comfortable countries for IT. On the other hand, Poland, the Czech Republic, Portugal, and many others are in the second category. They provide a comfortable environment for IT. However, there are fewer facilities in these countries as compared to the countries present in the first category. Plus, some communities prefer particular places simply because they can find friends from their native country there and, therefore, can easier adapt to new conditions. This way, Cyprus has become the best destination for relocating IT companies, especially, for the companies based in Eastern Europe.

Tax Policy and IT Legislation in Cyprus

Cyprus is one of the best countries in the world in terms of favorable IT tax policy and legislation. It is very simple to register a company on this island. “The most famous benefit of Cyprus in the world is the flexible taxation system and the implemented IP-Box regime,” says Sergey Kartashov. It offers the lowest corporate tax rate on net income, 12.5%, in the world. The companies only have to pay the Value Added Tax (VAT) of 19% if they sell a product or service to an EU resident. However, there is no VAT if the purchaser is a non-EU resident.

Other Benefits offered by Cyprus to IT Companies

It is very easy to reach the island from any other country located in Eastern Europe. The average flight time from any Eastern European county to Larnaca or Nicosia is less than three hours. Similarly, the flight timing from the island to any other EU country is the same as for Eastern European countries. “It allows the company’s management and its employees to quickly get home and also to other countries to resolve business issues,” notes Sergey Kartashov.

The relocation of foreign companies to Cyprus injected huge money into the economy of the island. It is helping to actively develop its infrastructure to improve facilities for the IT companies. The local real estate market is developing continuously over time. The residential and office rent costs here are very low as compared to other countries. A two-bedroom apartment costs $1300-$1400 per month in the center of the city. The island also has affordable health and schooling facilities for those who come here with their families. Last but not least, Cyprus has a great community of IT developers. It is famous for having a community of game developers and Russian-speaking developers.

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Apple WWDC 2024: Major Overhaul Expected for iOS 18 with Advanced Siri, AI-driven Features, and More, Gurman Suggests

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The focus of attention is on the anticipated big changes in the iOS 18 update as Apple’s annual Worldwide Developers Conference draws near. With a focus on artificial intelligence and a plethora of new software features, WWDC, scheduled for June 2024, is anticipated to reveal a significant redesign of the iPhone OS.

Redesigns of several well-known built-in iPhone apps, such as Photos, Mail, Notes, and Fitness, are in store for iOS 18, according to Mark Gurman of Bloomberg, who offers insights into Apple’s plans. The Calculator app, which has been waiting for an update, will now be available on the iPad and will have more features.

Considering the array of AI-driven improvements included in iOS 18, Gurman’s observations suggest that this update may be Apple’s most significant iPhone release to date. Among these are AI-powered writing assistance in Pages and Keynote, as well as automatically generated playlists on Apple Music. Apple is unique in that it runs AI tasks directly on the iPhone, eliminating the need for cloud servers, though the newest iPhone 16 models may be the only ones with some of the more advanced features.

Siri, Apple’s virtual assistant, is also in line for a significant upgrade with AI advancements. Users can expect more natural conversations with Siri, enhanced Spotlight search, and improved Shortcuts automation. Apple’s approach to AI technology could involve its proprietary large language model or collaboration with other major players like Google or OpenAI.

A new method for personalizing the Home Screen is one of the most awaited features of iOS 18. App icons may soon be placed anywhere users choose, opening up more options for the iPhone’s layout, including blank areas and unique rows and columns. For individuals looking for a more customized smartphone experience, this might be a welcome modification.

The RCS messaging standard is another possible update in iOS 18, which will help iPhone and Android users communicate with each other. Higher-quality photo sharing, better group chats, and cross-platform read receipts are just a few of the enhanced features that RCS messaging provides.

Enhancements powered by AI may also be made to Apple’s Safari browser, possibly including the addition of a browsing assistant akin to features found in competing browsers. An updated version of the Calculator app will include improved unit conversion tools and a history bar for previous calculations. Both professionals and students may soon be able to use the Notes app, which will soon support complicated mathematical equations.

With new topographic maps featuring marked trails and elevation data, Apple Maps is about to get even better. For those who love the outdoors and hiking, this might be a big addition.

Finally, AirPods Pro may get a “hearing aid mode” in iOS 18, which might expand on the Conversation Boost function already in place. For CarPlay, Freeform, and other applications, more updates are anticipated. These specifics, though, are still speculative until Apple makes an official announcement at WWDC 2024.

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Let Loose Event: The IPad Pro is Anticipated to be Apple’s first “AI-Powered Device,” Powered by the Newest M4 Chipset

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On May 7 at 7:00 am PT or 7:30 pm Indian time, Apple’s “Let Loose” event is scheduled to take place. It is anticipated that the tech giant will reveal a number of significant updates during the event, such as the introduction of new OLED iPad Pro models and the first-ever 12.9-inch iPad Air model.

The newest M4 chipset, however, may power the upcoming iPad Pro lineup, according to a new report from Bloomberg’s Mark Gurnman, just one week before the event. This is in contrast to plans to release the newest chipset along with the iMacs, MacBook Pros, and Mac minis later this year. Notably, the M2 chipset powers the iPad Pro variants of the current generation. The introduction of the M4 chipset to the new Pro lineup iterations implies that Apple is doing away with the M3 chipset entirely for Pro variants.

In addition, a new neural engine in the M4 chipset is expected to unlock new AI capabilities, and the tablet could be positioned as the first truly AI-powered device. The news comes just days after another Gurnman report revealed that Apple was once again in talks with OpenAI to bring generative AI capabilities to the iPhone.

Apple’s iPad Pro Plans:

In addition to the newest M4 chipset, Apple is anticipated to introduce an OLED panel into the iPad Pro lineup for the first time. It is anticipated that the Cupertino, California-based company will release the iPad Pro in two sizes: 13.1-inch and 11-inch.

According to earlier reports, bezels on iPad Pro models from the previous generation could be reduced by 10% to 15% as a result of the switch from LCD to OLED panels. Furthermore, it is anticipated that the next iPad Pro models will be thinner by 0.9 and 1.5 mm, respectively.

The Schedule for Apple’s WWDC:

According to Gurnman, at the Let Loose event on May 7, Apple is probably going to introduce the new iPad Pro, iPad Air, Magic keyboard, and Apple Pencil. Though Apple is planning small hands-on events for select media members in the US, UK, and Asia, the upcoming event isn’t expected to be a big in-person affair like the WWDC or iPhone launch event. Instead, it is expected to be an online program.

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Google Introduces AI Model for Precise Weather Forecasting

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With the confirmation of the release of an AI-based weather forecasting model that can anticipate subtle changes in the weather, Google (NASDAQ: GOOGL) is taking a bigger step into the field of artificial intelligence (AI).

Known as the Scalable Ensemble Envelope Diffusion Sampler (SEEDS), Google’s artificial intelligence (AI) model is remarkably similar to other diffusion models and popular large language models (LLMs).

In a paper published in Science Advances, it is stated that SEEDS is capable of producing ensembles of weather forecasts at a scale that surpasses that of conventional forecasting systems. The artificial intelligence system uses probabilistic diffusion models, which are similar to image and video generators like Midjourney and Stable Diffusion.

The announcement said, “We present SEEDS, [a] new AI technology to accelerate and improve weather forecasts using diffusion models.” “Using SEEDS, the computational cost of creating ensemble forecasts and improving the characterization of uncommon or extreme weather events can be significantly reduced.”

Google’s cutting-edge denoising diffusion probabilistic models, which enable it to produce accurate weather forecasts, set SEEDS apart. According to the research paper, SEEDS can generate a large pool of predictions with just one forecast from a reliable numerical weather prediction system.

When compared to weather prediction systems based on physics, SEEDS predictions show better results based on metrics such as root-mean-square error (RMSE), rank histogram, and continuous ranked probability score (CRPS).

In addition to producing better results, the report characterizes the computational cost of the model as “negligible,” meaning it cannot be compared to traditional models. According to Google Research, SEEDS offers the benefits of scalability while covering extreme events like heat waves better than its competitors.

The report stated, “Specifically, by providing samples of weather states exceeding a given threshold for any user-defined diagnostic, our highly scalable generative approach enables the creation of very large ensembles that can characterize very rare events.”

Using Technology to Protect the Environment

Many environmentalists have turned to artificial intelligence (AI) since it became widely available to further their efforts to save the environment. AI models are being used by researchers at Johns Hopkins and the National Oceanic and Atmospheric Administration (NOAA) to forecast weather patterns in an effort to mitigate the effects of pollution.

With its meteorological department eager to use cutting-edge technologies to forecast weather events like flash floods and droughts, India is likewise traveling down the same route. Equipped with cutting-edge advancements, Australia-based nonprofit ClimateForce, in collaboration with NTT Group, says it will employ artificial intelligence (AI) to protect the Daintree rainforest’s ecological equilibrium.

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