Earlier this week Yandex, the Russian search giant, released a new search algorithm inspired by neural networks to better understand users’ intent and handle long-tail queries. The new algorithm is named after Korolyov, the lead Soviet rocket engineer and spacecraft designer in the 1950s and 1960s. ‘Korolyov’ significantly improves upon its predecessor, ‘Palekh,’ the neural network-inspired algorithm …
AddVenture, a major Russian venture fund, has led a round of funding of “more than $1 million” to support Pravoved.ru, a huge Russian legal consulting platform. The transaction has valued the company at $10 million, reports Forbes.ru, citing exchanges with Pravoved.ru and AddVenture. A part of the funding will be used to complete the development of Pravoved’s …
According to a resolution published last week, the Russian government intends to create an IT and telecom infrastructure for driverless transport across the country’s roads and highways. According to the plan, the rollout will start with large cities as well as the north-south and east-west transport corridors. Artificial intelligence solutions will be used in public …
Russia prepares to develop high-tech infrastructure for driverless transport Read More
Yandex Data Factory, a B2B business unit which Yandex launched in 2014 to develop custom-made Big Data solutions, has developed significantly both in Russia and abroad, its CEO Jane Zavalishina said in an exchange with tech blog 150.com at an industry conference. From its offices in Moscow and Amsterdam, Yandex Data Factory aims to make Yandex’s technologies – …
Yandex deploys Big Data and AI technologies across Europe, eyes South American market Read More
Two major investors from Russia and Belarus have just injected $25 million in Capital.com, a trading app that is similar to Robinhood in the US or Trading212 in Europe — but with a specific AI-powered function that provides users with tailored content based on behavioral analysis. Dubbed ’Smart Feed’ and scheduled for launch next month, this AI function analyzes user …
AI-enhanced mobile trading app raises $25 million from Eastern Europe Read More
What do you do after garnering tens of millions of downloads and scores of clones of your AI-powered style transfer app? Why, keep innovating of course. Meet Sticky, the next app from the startup behind Prisma, which turns selfies into stylized and/or animated stickers for sharing to your social feeds. Sticky is launching today on iOS, with …
Prisma’s next AI project is a fun selfie sticker maker called Sticky Read More
Earlier this month Instreamatic.ai, a digital voice-activated advertising platform based in San Francisco, but with Russian roots, launched an advanced programmatic buying product. Its core feature is the ability to engage with users in the form of a dialogue. What’s more, Insteamatic.ai’s technology connects publishers to the fast-emerging market of voice-controlled devices and services. The …
Moscow entrepreneur launches ad exchange for voice-activated ads in Silicon Valley Read More
Almaz Capital, an international venture fund with Eastern-European roots, and Sistema VC, the venture arm of the Russian conglomerate Sistema, have invested $4 million in a US mobile travel app called FinalPrice. With FinalPrice’s iOS mobile app, users “get access to the secret cache of ultra-low prices on flights, hotels, and car rentals” for $99 per …
Almaz Capital and Sistema VC invest $4 million in US mobile travel service Read More
Earlier this month two international corporations signed agreements with Skolkovo, the international tech hub under completion on the outskirts of Moscow. Royal Philips, the Dutch tech giant, signed off on the official opening of its first innovation center in Russia in the Skolkovo technopark. This innovation center will focus on machine learning, artificial intelligence as well …
AEON and Royal Philips to develop R&D activities in Skolkovo techpark Read More
Yandex.Taxi, the on-demand transportation service of the Russian Internet search giant Yandex, has just unveiled the prototype of its autonomous car project. The prototype has been developed as “a step towards a comprehensive set of driverless technologies for application across a wide range of industries.” The driverless car incorporates Yandex’s own technologies, such as mapping, …
Humans are one step closer towards teleporting into a crazy world of gaming and virtual reality. In a matter of seconds, you can now turn your face and body into a photorealistic 3D avatar with Face.DJ, a new technology developed by the Russian company, VisionLabs. The app was presented at TechCrunch Disrupt 2017 in New York City and is now available globally in the App Store. …
Russian startup NtechLab, which creates “algorithms as intelligent as humans and as efficient as machines,” has raised $1.5 million, reports Russian business daily Vedomosti, citing exchanges with the company’s founders and the involved investors. Led by Impulse VC, a venture fund which is reportedly affiliated to Russian billionaire Roman Abramovich, the fund has also involved …
Russian billionnaire invests in face recognition technology Read More
