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

Sberbank is spearheading AI development in Russia, which currently ranks 31st of 83 countries by AI implementation

Russia, Russia flag
Russia has the potential to improve its position in global AI ratings by 2030 despite Western sanctions. Photo: Shutterstock
Reuters
3 min read Last Updated : Dec 12 2024 | 2:33 PM IST
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. 
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
 
 
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

Topics :Russiaartifical intelligenceUS sanctions

First Published: Dec 12 2024 | 2:33 PM IST

Next Story