Summary by Moomoo AI
Genius Group Limited, an AI-powered education and acceleration group, has successfully delivered a nationwide AI technology system to the Asset Recovery Committee of the Prosecutor General's Office of the Republic of Kazakhstan. This delivery, announced on July 26, 2024, follows the company's victory in a global competition hosted by the Council of Europe, aimed at enhancing the recovery of criminal proceeds. The system, developed by Prime Source, a subsidiary of Genius Group, integrates over 50 government databases with more than 300 external data sources to aid in the identification and recovery of illegally obtained assets. The Asset Recovery Committee, established by President Kassym-Jomart Tokayev in 2023, will utilize this AI system to support its mission of recouping billions in illegal assets. Genius Group's CEO Roger Hamilton highlighted the significance of this achievement, which aligns with the company's recent completion of Phase 1 of a $22 million contract with the Kazakhstani government for the development of a Sovereign AI, furthering Kazakhstan's vision of becoming an AI-powered 'Genius Nation'.