financetom
Business
financetom
/
Business
/
Russia will boost global AI clout despite Western 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 global AI clout despite Western sanctions, Sberbank first deputy CEO says
Dec 11, 2024 11:28 PM

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

significantly improve its position in global AI ratings by 2030

despite Western sanctions due to a focus on generative AI and

supportive regulation, 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 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.

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 >
Tata Power Renewable Energy wins 200-MW project in collaboration with SJVN
Tata Power Renewable Energy wins 200-MW project in collaboration with SJVN
Nov 28, 2023
The firm and dispatchable renewable energy (FDRE) project, designed with a hybrid of solar, wind, and battery storage, is aimed at providing a stable and dispatchable energy supply during peak hours. Shares of Tata Power Company Ltd ended at ₹270.75, up by ₹12.60, or 4.88%, on the BSE.
Suzlon's S144–3 MW wind turbines get big boost from Indian government
Suzlon's S144–3 MW wind turbines get big boost from Indian government
Nov 15, 2023
Th Suzlon wind turbines received the RLMM (Revised List of Models & Manufacturers) listing from the Ministry of New and Renewable Energy, marking an important milestone for the successful commercialisation of the product. Shares of Suzlon Energy Ltd ended at ₹40.49, up by ₹1.85, or 4.79%, on the BSE.
This sustainable jewellery brand is luring some women away from gold
This sustainable jewellery brand is luring some women away from gold
Oct 30, 2023
Aulerth's offerings range from ₹5,000 to as high as ₹2.8 lakh. Are women willing to spend this much on jewellery made from scrap? Founder and CEO Vivek Ramabhadran definitely believes so. Aulerth produces couture-inspired pieces in association with designers like JJ Valaya, Suneet Varma, among others. It has reported 33% repeat customers in the past year and expects a spike to 40% soon.
SJVN secures 200-MW wind power project at ₹3.24 per unit
SJVN secures 200-MW wind power project at ₹3.24 per unit
Nov 16, 2023
Projected to generate 482 million units in its inaugural year post-commissioning, the cumulative energy generation over a 25-year span is anticipated to reach 12,050 million units. Shares of SJVN Ltd ended at ₹75.17, down by ₹0.50, or 0.66%, on the BSE.
Copyright 2023-2026 - www.financetom.com All Rights Reserved