Alpha News

Cyprus Explains €500,000 Mentioned in Controversial Video, OpenAI Collaboration

Published January 20, 2026, 12:42

The Deputy Minister of Research and Innovation, Michalis Damianou, provided explanations regarding the €500,000 mentioned in a recently circulated video, linking it to ongoing negotiations for a pilot artificial intelligence program in schools with OpenAI. According to Mr. Damianou, OpenAI proposed a collaboration with an American investor to donate the funds to the Republic of Cyprus. He emphasized that the process is institutionalized and transparent, having been publicly announced during a press conference. He also dismissed accusations of government interference with investors, stating that the government explored ways to contribute the amount for the common good. Finally, he described the video as edited and misleading, while noting that other European countries are also collaborating with OpenAI.