Stock Market News

Russia will boost global AI clout despite Western sanctions, Sberbank first deputy CEO says

2024.12.12 02:05

MOSCOW (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.

© Reuters. FILE PHOTO: Alexander Vedyakhin, First Deputy Chairman of the Executive Board of Sberbank, attends a session of the St. Petersburg International Economic Forum (SPIEF) in Saint Petersburg, Russia June 16, 2022. REUTERS/Anton Vaganov/File Photo

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 (NASDAQ:)’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.



Source link

Related Articles

Back to top button
bitcoin
Bitcoin (BTC) $ 99,875.76 3.01%
ethereum
Ethereum (ETH) $ 3,395.77 5.64%
xrp
XRP (XRP) $ 3.05 8.87%
tether
Tether (USDT) $ 1.00 0.05%
bnb
BNB (BNB) $ 711.30 1.91%
solana
Solana (SOL) $ 203.16 8.31%
dogecoin
Dogecoin (DOGE) $ 0.378092 4.81%
usd-coin
USDC (USDC) $ 1.00 0.00%
cardano
Cardano (ADA) $ 1.05 4.00%
staked-ether
Lido Staked Ether (STETH) $ 3,393.39 5.77%
tron
TRON (TRX) $ 0.234968 5.99%
avalanche-2
Avalanche (AVAX) $ 39.48 7.84%
stellar
Stellar (XLM) $ 0.47381 2.52%
sui
Sui (SUI) $ 4.71 4.09%
wrapped-steth
Wrapped stETH (WSTETH) $ 4,052.65 5.54%
chainlink
Chainlink (LINK) $ 21.81 6.92%
the-open-network
Toncoin (TON) $ 5.48 2.49%
shiba-inu
Shiba Inu (SHIB) $ 0.000022 2.86%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 99,591.68 2.99%
hedera-hashgraph
Hedera (HBAR) $ 0.325459 9.15%
content-bitcoin
Content Bitcoin (CTB) $ 24.49 3.10%
polkadot
Polkadot (DOT) $ 7.08 6.14%
usd1
USD1 (USD1) $ 1.00 96.85%
weth
WETH (WETH) $ 3,397.70 5.72%
bitcoin-cash
Bitcoin Cash (BCH) $ 456.99 4.09%
leo-token
LEO Token (LEO) $ 9.62 3.64%
litecoin
Litecoin (LTC) $ 118.07 15.27%
uniswap
Uniswap (UNI) $ 14.42 9.35%
hyperliquid
Hyperliquid (HYPE) $ 24.07 6.29%
bitget-token
Bitget Token (BGB) $ 6.64 2.38%
pepe
Pepe (PEPE) $ 0.000019 7.14%
wrapped-eeth
Wrapped eETH (WEETH) $ 3,583.69 5.39%
usds
USDS (USDS) $ 1.00 0.08%
near
NEAR Protocol (NEAR) $ 5.21 4.95%
ethena-usde
Ethena USDe (USDE) $ 1.00 0.02%
aptos
Aptos (APT) $ 9.41 5.43%
internet-computer
Internet Computer (ICP) $ 10.70 4.72%
aave
Aave (AAVE) $ 316.22 7.44%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.479933 5.22%
ethereum-classic
Ethereum Classic (ETC) $ 26.73 5.35%
vechain
VeChain (VET) $ 0.048656 8.50%
render-token
Render (RENDER) $ 7.52 8.74%
crypto-com-chain
Cronos (CRO) $ 0.141681 3.56%
monero
Monero (XMR) $ 207.62 0.15%
mantle
Mantle (MNT) $ 1.13 3.52%
mantra-dao
MANTRA (OM) $ 3.91 5.23%
virtual-protocol
Virtuals Protocol (VIRTUAL) $ 3.69 27.62%
algorand
Algorand (ALGO) $ 0.439949 13.33%
bittensor
Bittensor (TAO) $ 447.00 7.63%
dai
Dai (DAI) $ 1.00 0.01%