Artificial intelligence

Moscow to host international AI conference (April 25)

April 1, 2017

On April 25, Moscow will play host to Artificial Intelligence (AI) Conference 2017, an event dedicated to AI in business. This B2B event will bring together leading specialists to present major AI developments and practical solutions for business development. Entrepreneurs, manufacturers, web developers, top managers, startup founders, investors and other market players interested in AI are …

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Russian and Belorussian businessmen invest $100 million in AI projects worldwide

April 1, 2017

The global AI investment fever has hit Eastern Europe with two funds, Larnabel VC and VP Capital, making their first local and international deals under a joint $100 million investment program. Larnabel VC is the venture arm of the Gutseriev family, one of the richest in Russia. VP Capital is the investment vehicle of Belarussian businessman Viktor Prokopenya. Any project types are potentially eligible. “We …

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Sberbank inks R&D partnership on data analysis and artificial intelligence with top Moscow universities

April 1, 2017

Russia’s national savings bank Sberbank has announced the launch of a risk theory and data analysis laboratory in partnership with Moscow State University (MSU) earlier this week. Dubbed “CMC-Sberbank,” the new lab will function as an R&D center focusing on statistical methods for big data analysis and machine learning. The laboratory is intended to become a leading …

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Abramovich fund invests in UK video advertising startup

June 19, 2019

LoopMe, a digital advertising firm that uses artificial intelligence (AI) to optimize mobile video advertising, has raised $10 million in a funding round led by Impulse VC and Harbert European Growth Capital. Holzbrinck Ventures and Open Ocean Capital laso participated in the round, reports VentureBeat. Founded out of London in 2012, LoopMe unifies all the popular …

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Yandex’s ‘Extract’ is an AI-based solution for business to track of business critical information

August 16, 2017

Earlier this month Yandex Data Factory, a division of the Russian search giant, unveiled ‘Extract,’ a new solution to search and track of business-critical information. One of Extract’s first use case involves Russia’s central bank, which needs to find all cash-loan providers represented online in order to check their compliance with regulations. To address this needs, …

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Driverless truck system will cruise Russian roads in 2017

April 14, 2017

Moscow-based Cognitive Technologies said it’s ready to release a pre-commercial version of an advance driver assistance system with artificial intelligence, or ADAS, for Russia’s KAMAZ truck. ADAS qualifies as Level 1 according to the Society of Automotive Engineers (SAE), which means that it can detect road signs and warn about a possible collision with another …

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Yandex eyes global car market

April 14, 2017

Yandex is following Google’s example and intends to enter the international car market. The Russian search giant doesn’t plan to create its own autonomous car like Google, but it is adapting its technologies to the needs of major car manufacturers. Thus, recently, the Yandex.Navigator service recently was built into the Toyota RAV4 Exclusive as well as a Honda car. Also, at the …

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Russian university joins Facebook’s artificial intelligence project

April 14, 2017

In an exclusive with Russia Beyond The Headlines, Yann LeCun, the Director of AI Research at Facebook, said that the Neural Nets and Deep Learning Lab at the Moscow Institute of Physics and Technology (MIPT, also known as PhysTech), together with 14 research centers from around the world, will join forces in a global research program launched by the Facebook Artificial Intelligence Partnership …

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Translation automation platform receives $2.8 million in funding after spinning off from Abbyy

April 14, 2017

SmartCAT, the developer of a cloud platform for translation automation, has spun off from Abbyy, a large Russian software publisher which had developed the project so far. The startup has secured $2.8 million from RedSeed, a Russian fund launched last year, to support its international development. It has established its headquarters in Milpitas, California. The project started in early 2013 …

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Russian neural networks predict Donald Trump will be next US president

November 14, 2017

Artificial neural networks are modelled on the human brain and nervous system. They are used to estimate or approximate functions that can depend on a large number of inputs that are generally unknown. One of the hottest areas of artificial intelligence development, neural networks are used extensively in image recognition, data science, forecasting, and many more. Ed …

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Findo raises $4 million to solve your ‘infobesity’ headache with A.I. and a smart search assistant

April 14, 2017

Findo, an artificial intelligence (A.I.) startup that’s setting out to help people find information buried in documents, files, email attachments, and more, has announced a $3 million funding round from Flint Capital, a fund with Russian roots, with an additional $1 million expected from a handful of “well-known” Silicon Valley angel investors. The news comes …

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