Automatically translated version. May contain inaccuracies compared to the original.
Co-founder of an AI company submitted a request to renounce Russian citizenship, as Kazakhstan does not allow dual citizenship.
Higgsfield AI company co-founder Oleksandr Mashrabov obtained Kazakhstani citizenship. The relevant decree 30 of October was signed by the country’s president Kassym-Jynyrdyk Tokayev. This was announced by the Minister of Digital Development Zhaslan Madiev and a photo of the passport handover was published.
According to Madiev, the republic’s authorities are interested in attracting entrepreneurs in the artificial intelligence field.
Mashrabov lives in San Francisco and travels to Kazakhstan several times a year. After obtaining Kazakh citizenship, the entrepreneur filed a renunciation request of Russian citizenship, since Kazakhstan does not allow dual citizenship, Bloomberg reports.
In August 2026, Higgsfield attracted 400 million dollars in investments from DST Global, Goldman Sachs, Intel Capital, Liberty Global and other investors.
After that, the company was valued at 5,4 billion dollars. Mashrabov may own about 20% of the startup, and his stake is worth more than 1 billion dollars.
Mashrabov grew up in Chelyabinsk and studied at Physico-Mathematical Lyceum No. 31. He later entered the MFTI.
In 2018, Mashrabov, together with a school friend Grigory Tkachenko, founded AI Factory — a startup that animates photos and videos using neural networks.
In January 2020, the company was acquired for $166 million by American Snap (owner of Snapchat). After the deal, Mashrabov moved to Snap, where he headed the Generative AI direction.
In the autumn of 2023, he, together with Kazakh ML specialist Erzata Dulat, founded Higgsfield — a platform for creating images and videos with AI.
By August 2026, Higgsfield’s annual revenue reached 700 million dollars, versus 20 million the year before.
As we have already written, the Russian authorities planned another tax increase for 2027 to reduce the budget deficit and to pay for the record growth in military expenditures, costing citizens and businesses 3,7 trillion rubles.
Russia is selling its gold reserves at a record pace since 1998.
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