financetom
Business
financetom
/
Business
/
Russia will boost AI clout despite West's sanctions, Sberbank first deputy CEO says
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Russia will boost AI clout despite West's sanctions, Sberbank first deputy CEO says
Dec 11, 2024 11:49 PM

MOSCOW, Dec 12 (Reuters) - Russia has the potential to

improve its position in global AI ratings by 2030 despite

Western sanctions thanks to talented developers and own

generative AI models, Alexander Vedyakhin, first deputy CEO of

Russia's largest lender Sberbank, told Reuters.

Sberbank is spearheading AI development in Russia, which

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.

"I am confident that Russia can significantly improve its

current positions in international rankings by 2030 through its

own developments and supportive regulation in the field of

generative AI," Vedyakhin said in an interview.

Vedyakhin stressed that Russia is lagging the leaders the

United States and China by 6 to 9 months while Western sanctions

have limited the country's capacity to boost its computer power.

"The sanctions were aimed at limiting Russia's computing

power, but we are trying to compensate for the shortage with our

talented scientists and engineers," he said.

Vedyakhin said that Russia will not compete with the U.S.

and China in building giant data centres, but will focus on

development of smart AI models similar to Meta's Llama. He said

that Russian language generative AI models guaranteed

technological sovereignty.

"I believe that any country that sees itself as independent

on the world stage should have its own large language model,"

Vedyakhin said. Russia is among ten countries, which are

developing its own national generative AI models.

President Vladimir Putin said on Dec. 11 that Russia would

develop AI with BRICS partners and other countries, in a bid to

challenge the dominance of the United States in one of the most

promising technologies of the 21st century.

Vedyakhin said that China and especially Europe, were losing

their advantage in AI due to excessive regulation, expressing

hopes that the government will maintain AI-supportive regulation

in the future.

"If we deprive our scientists and major corporations of

the right to experiment now, it will halt the development of

technology. As soon as bans appear, we may start losing the AI

race in artificial intelligence," Vedyakhin said.

Many AI developers left Russia in recent years,

especially fleeing mobilisation drive for the Ukraine conflict

in 2022. Vedyakhin said some are now returning home, lured by

opportunities in Russia's AI sector.

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 >
Oil eases on possible Gaza ceasefire, dollar strength
Oil eases on possible Gaza ceasefire, dollar strength
Mar 21, 2024
SINGAPORE (Reuters) -Oil prices slipped on Friday on the possibility of a nearing Gaza ceasefire that could ease geopolitical concerns in the Middle East, while a stronger dollar and faltering U.S. gasoline demand also weighed on prices. Brent crude futures fell 42 cents, or 0.5%, to $85.36 a barrel by 0203 GMT. U.S. crude futures shed 40 cents, or 0.5%,...
Meta's Instagram down for thousands, Downdetector shows
Meta's Instagram down for thousands, Downdetector shows
Mar 21, 2024
March 21 (Reuters) - Meta Platforms's ( META ) Instagram was down for thousands of users on Thursday, according to outage tracking website Downdetector.com. ...
Ecopetrol's Reficar refinery awarded nearly 20% of McDermott common capital, company says
Ecopetrol's Reficar refinery awarded nearly 20% of McDermott common capital, company says
Mar 21, 2024
BOGOTA, March 21 (Reuters) - The Reficar oil refinery belonging to Colombia's Ecopetrol was awarded 19.9% of the common capital in infrastructure firm McDermott in preferential shares by a judge in Amsterdam, Ecopetrol said in a statement on Thursday. The refinery is located in the Colombian city of Cartagena. ...
Hong Kong-listed Samsonite plans dual listing in hunt for investors
Hong Kong-listed Samsonite plans dual listing in hunt for investors
Mar 21, 2024
(Reuters) -Luggage maker Samsonite International ( SMSOF ) on Friday said it plans to pursue a dual listing in addition to its listing on the Hong Kong Stock Exchange to increase the liquidity of its shares and reach investors in more markets. Samsonite ( SMSOF ) did not provide details of the exchanges it is considering for the second listing,...
Copyright 2023-2026 - www.financetom.com All Rights Reserved