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

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.