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Version 1 Creates 250 Jobs with New Dublin AI Headquarters and Studio

Irish technology company Version 1 has announced the creation of 250 new jobs with the opening of a state-of-the-art headquarters and artificial intelligence (AI) studio in Dublin. The move follows a recent announcement of 400 new positions in Northern Ireland, marking a significant expansion for the company.

Founded in Dublin in 1996, Version 1 provides technology services across Ireland, the UK, mainland Europe, India, and North America. The company now employs 3,700 people worldwide and generates revenues exceeding €400 million. The new Dublin facility will serve as both the company’s headquarters and a dedicated AI studio designed for co-creating solutions with clients across all sectors.

The AI studio will also be accessible to schools, universities, and community groups. Version 1 aims to demonstrate how AI can enhance human capability rather than replace it. Chief Executive Officer Roop Singh said the facility will focus on building practical, governed AI solutions with measurable business outcomes. “Our principal belief is that AI enhances human capability, it does not replace it,” Singh said. “This studio is where we will prove that, working alongside our customers and communities to build AI solutions that are practical, governed, and grounded in real business outcomes.”

The announcement has been welcomed by government officials. Minister for Enterprise, Tourism and Employment Peter Burke described the new headquarters as “significant inward investment in Ireland’s economy and talent base,” adding that it strengthens Ireland’s position as a hub for AI and business transformation services. Minister of State with responsibility for AI Niamh Smyth said the investment will benefit both Version 1’s global customers and the broader Irish economy. “Version 1’s new AI studio demonstrates what is possible when Irish enterprise combines deep technical expertise with a genuine commitment to community partnership and skills development,” she said.

Enterprise Ireland, which has supported Version 1’s international growth over the years, highlighted the importance of the new facility for Ireland’s AI ecosystem. Kevin Sherry, Executive Director of Enterprise Ireland, said the studio reinforces Ireland’s ability to develop and retain world-class technology talent and positions the country as a serious centre for AI innovation.

The Dublin AI studio will provide a collaborative space where Version 1 works with clients to design and implement AI-driven technology solutions. By opening its doors to educational and community groups, the company hopes to foster skills development and ensure that AI benefits a broad range of users, from business clients to local communities.

This expansion forms part of Version 1’s broader strategy to grow its presence internationally while investing in Ireland’s technology workforce, underscoring the country’s growing role in the global AI sector.

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Fraudsters are increasingly using AI-generated images and videos to trick people into handing over sensitive personal and financial information, according to FraudSMART, the financial crime awareness initiative operated by the Banking and Payments Federation Ireland (BPFI). The organisation has reported a rise in online adverts promoting fake, State-backed investment schemes. These scams often use fabricated images of well-known politicians and business figures to make the offers appear legitimate and encourage users to click on registration links. Niamh Davenport, head of financial crime at BPFI, said scammers are deliberately exploiting recent media coverage of a planned State-backed savings and investment scheme to give their frauds a sense of credibility. “They often claim the scheme is open to everyone, but that places are limited and being ‘snapped up’ fast, in order to pressure people to act quickly,” she said. “They typically promise guaranteed returns or a guaranteed monthly income.” FraudSMART said that while anyone can be targeted, people in their early 50s are particularly vulnerable to investment scams. This age group is often focused on retirement planning, making them more receptive to financial offers that appear secure or high-yield. According to the organisation, most scams follow a similar pattern. Victims are first directed to click a registration link and complete a short online form providing their contact details. They are then contacted by someone posing as a financial adviser, who urges them to make an immediate “security deposit” to secure participation in the scheme. Once a payment is made, the money is quickly moved through multiple accounts, often overseas, making recovery extremely difficult. Davenport warned that scammers are becoming more sophisticated in their use of technology, particularly AI tools that allow them to create realistic but entirely fake promotional content. These materials are designed to mimic legitimate financial advertisements and build trust with potential victims. Recent figures from An Garda Síochána show investment fraud rose by 20% last year, with losses exceeding €20 million. The scale of individual scams varies widely, ranging from smaller crypto-related frauds involving a few hundred euro to large-scale investment schemes where victims lose tens of thousands. FraudSMART is urging the public to remain cautious when encountering online investment advertisements, especially those promising guaranteed returns or requiring urgent action. It also advises consumers to avoid sharing personal information with unverified sources and to be wary of pressure tactics designed to rush financial decisions. Authorities continue to warn that fraudsters are adapting quickly, using advanced digital tools to target victims across multiple platforms.

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Fraudsters are increasingly using AI-generated images and videos to trick people into handing over sensitive personal and financial information, according to FraudSMART, the financial crime awareness initiative operated by the Banking and Payments Federation Ireland (BPFI). The organisation has reported a rise in online adverts promoting fake, State-backed investment schemes. These scams often use fabricated images of well-known politicians and business figures to make the offers appear legitimate and encourage users to click on registration links. Niamh Davenport, head of financial crime at BPFI, said scammers are deliberately exploiting recent media coverage of a planned State-backed savings and investment scheme to give their frauds a sense of credibility. “They often claim the scheme is open to everyone, but that places are limited and being ‘snapped up’ fast, in order to pressure people to act quickly,” she said. “They typically promise guaranteed returns or a guaranteed monthly income.” FraudSMART said that while anyone can be targeted, people in their early 50s are particularly vulnerable to investment scams. This age group is often focused on retirement planning, making them more receptive to financial offers that appear secure or high-yield. According to the organisation, most scams follow a similar pattern. Victims are first directed to click a registration link and complete a short online form providing their contact details. They are then contacted by someone posing as a financial adviser, who urges them to make an immediate “security deposit” to secure participation in the scheme. Once a payment is made, the money is quickly moved through multiple accounts, often overseas, making recovery extremely difficult. Davenport warned that scammers are becoming more sophisticated in their use of technology, particularly AI tools that allow them to create realistic but entirely fake promotional content. These materials are designed to mimic legitimate financial advertisements and build trust with potential victims. Recent figures from An Garda Síochána show investment fraud rose by 20% last year, with losses exceeding €20 million. The scale of individual scams varies widely, ranging from smaller crypto-related frauds involving a few hundred euro to large-scale investment schemes where victims lose tens of thousands. FraudSMART is urging the public to remain cautious when encountering online investment advertisements, especially those promising guaranteed returns or requiring urgent action. It also advises consumers to avoid sharing personal information with unverified sources and to be wary of pressure tactics designed to rush financial decisions. Authorities continue to warn that fraudsters are adapting quickly, using advanced digital tools to target victims across multiple platforms.

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