financetom
Business
financetom
/
Business
/
Putin orders Russian government and top bank to develop AI cooperation with China
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Putin orders Russian government and top bank to develop AI cooperation with China
Jan 1, 2025 5:23 AM

MOSCOW, Jan 1 (Reuters) - President Vladimir Putin has

ordered Russia's government and the country's biggest bank,

Sberbank, to build cooperation with China in

artificial intelligence.

Putin's instructions were published on the Kremlin's website

on Wednesday, three weeks after he announced that Russia would

team up with BRICS partners and other countries to develop AI.

He told the government and Sberbank, which is

spearheading Russia's AI efforts, to "ensure further

co-operation with the People's Republic of China in

technological research and development in the field of

artificial intelligence".

Western sanctions intended to restrict Moscow's access

to the technologies it needs to sustain its war against Ukraine

have resulted in the world's major producers of microchips

halting exports to Russia, severely limiting its AI ambitions.

Sberbank CEO German Gref acknowledged in 2023 that

graphics processing units (GPUs), the microchips that underpin

AI development, were the trickiest hardware for Russia to

replace.

By partnering with non-Western countries, Russia is

seeking to challenge the dominance of the United States in one

of the most promising and crucial technologies of the 21st

century.

Putin

said

on Dec. 11 that a new AI Alliance Network would bring

together specialists from BRICS countries and other interested

states.

Russia currently ranks 31st of 83 countries by AI

implementation, innovation and investment on UK-based Tortoise

Media's Global AI Index, well behind not only the United States

and China but also fellow BRICS members India and Brazil.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
BRIEF-Teledyne to Acquire TransponderTech from Saab
BRIEF-Teledyne to Acquire TransponderTech from Saab
Aug 28, 2025
Aug 28 (Reuters) - Teledyne Technologies Inc ( TDY ): * TELEDYNE TO ACQUIRE TRANSPONDERTECH FROM SAAB * TELEDYNE TECHNOLOGIES INC ( TDY ): ACQUIRED BUSINESS WILL BECOME PART OF TELEDYNE FLIR'S MARITIME GROUP Source text: Further company coverage: ...
Genesco's Fiscal Q2 Adjusted Loss Widens, Revenue Rises; Fiscal 2026 Net Sales Guidance Raised
Genesco's Fiscal Q2 Adjusted Loss Widens, Revenue Rises; Fiscal 2026 Net Sales Guidance Raised
Aug 28, 2025
08:03 AM EDT, 08/28/2025 (MT Newswires) -- Genesco ( GCO ) reported Thursday a fiscal Q2 adjusted loss of $1.14 per diluted share, wider than a loss of $0.83 a year earlier. Three analysts polled by FactSet expected loss of $1.25. Revenue for the quarter ended Aug. 2 was $546.0 million, up from $525.2 million a year earlier. Three analysts...
Veeva Systems, Amgen Collaborate to Further Streamline Clinical Trials
Veeva Systems, Amgen Collaborate to Further Streamline Clinical Trials
Aug 28, 2025
08:09 AM EDT, 08/28/2025 (MT Newswires) -- Veeva Systems ( VEEV ) said Thursday that has entered into a collaboration with Amgen ( AMGN ) to help the US drugmaker further advance clinical development. Veeva ( VEEV ) said Amgen ( AMGN ) will use the Veeva Clinical Platform to support and identify efficiencies across the clinical trial process. Financial...
Redwire Awarded $25 Million NASA Contract for On-Orbit Support for International Space Station
Redwire Awarded $25 Million NASA Contract for On-Orbit Support for International Space Station
Aug 28, 2025
08:06 AM EDT, 08/28/2025 (MT Newswires) -- Redwire Corporation ( RDW ) said Thursday it has been awarded a $25 million, five-year NASA contract to provide biotechnology services and support on-orbit operations aboard the International Space Station. The indefinite-delivery/indefinite-quantity contract covers future task orders for biotechnology facilities, mission integration, and related services, the company said. Redwire ( RDW ) has...
Copyright 2023-2026 - www.financetom.com All Rights Reserved