AGP Executive Report
Last update: an hour agoAI Start-ups: Vilnius-based Holo raised €5 million to build its AI marketing platform for small businesses and grow its local team. Lithuania also topped the EU in OpenAI’s measure of agentic AI use: agents accounted for 85% of output tokens among its business and enterprise customers, though that figure does not show how many firms use the tools. Aerospace Technology: Canadian firm Volatus Aerospace agreed to acquire Vilnius-based AISPECO, a maker of airborne sensor systems and flight-management software, adding its technology to Volatus’ defence and aerial-intelligence business. Defence Industry: Lithuania’s finance minister proposed faster approvals for strategically important private-sector defence projects, aiming to get production capacity up and running sooner. Space and Connectivity: Lithuanian company Astrolight began operational laser links between space and ground, while Klaipėda Port completed trials of a private 5G network for smart operations. Science and Research: A Kaunas lab began testing mobile phones’ ability to make emergency calls to satellites, and Lithuanian and Italian biophysicists met in Vilnius to explore research partnerships. Fintech: Kraken’s parent company agreed to buy Saldo Bank, a Lithuanian-licensed bank, in a deal that could bring crypto and conventional banking services under one platform, pending regulatory approval.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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