Russia to boost AI clout despite West’s sanctions, says Sberbank’s Dy CEO

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.