Sistema_VC, the venture capital arm of Russian multi-industry investment conglomerate AFK Sistema, will invest $10 million in UK startup SenSat, Vedomosti daily reported last week. Founded in 2015, this geospatial technology startup “turns complex visual and spatial data into a real-time simulated reality that helps computers solve real world problems.” This AI-powered technology “allows companies operating in …
This summer, a major ice cream manufacturer in Russia, Chistaya Liniya (Pure Line), integrated a new solution for shelf image recognition. This AI-powered technology, developed by the Moscow-based startup Inspector Cloud, allows Chistaya Liniya to audit coolers, analyze product and staff data, and ultimately drive sales. For image recognition, ice creams are more of a …
How a Russian ice cream company generates hot profits with artificial intelligence Read More
BFG Group, a major provider of software solutions to optimize production processes, sill receive $3 million in total from the Skolkovo Industrial Fund. Of this amount, BFG has already received $750,000 as the first part of the investment. The remaining amount will be provided based on specific terms which have not been disclosed. This …
Skolkovo Ventures to invest $3 million in Industry 4.0 startup Read More
A conference will be held in Moscow on Sept. 19-20 to discuss how Big Data and artificial intelligence can be used for digital innovation and business process optimization at various levels. The conference will also present relevant cases and best practices on how practical data skills are used in businesses, having become the most sought-after …
Big Data & AI Conference 2019 (Moscow, September 19-20) Read More
Sberbank, the state-owned financial and digital giant, is discussing with the city and country authorities the creation of a dedicated platform and framework in Moscow to experiment AI technologies. Participants in the experimental site would benefit from a privileged legal and tax framework and be allowed to leverage the Russian capital’s huge data volumes. The …
Moscow city aims to launch experimental platform for AI technologies Read More
Sberbank, the state-controlled financial giant, has completed the acquisition of a 51% stake in Speech Technology Center (STC). Digital Horizon, a VC and business incubation firm with offices in Moscow and Tel Aviv, is also acquiring a minority stake in STC. Gazprombank, which has sold a part of its shares, remain a strategic shareholder in …
Leading Russian consumer lender TCS Group that operates Russia’s only pure online bank Tinkoff Bank has launched B2B speech recognition services, Kommersant daily reported on July 22 citing representatives of the company. TCS will allow third parties to develop their own voice recognition applications such as voice assistants and robots for call centres using the Tinkoff VoiceKit. Tinkoff Bank’s …
Russia plans to explore the Moon using robots with the elements of artificial intelligence, the press office of the State Space Corporation Roscosmos told TASS on Tuesday.” The participation of humans in this program is harmoniously combined with the use of automatic space vehicles and robotics with the elements of artificial intelligence,” Roscosmos said. Robotized …
Russian space agency to use artificial intelligence in Moon’s exploration Read More
Skolkovo resident Intellogic has attracted 100 million rubles (more than $1.5 million at the current exchange rate) in a Series A round for its Botkin.AI startup that diagnoses cancer. At present, this technology can diagnose lung cancer at early stages with an accuracy of 95%, Forbes reported. Part of the funding came from two Russian funds: RBC Capital, which …
Russian startup Botkin.AI attracts $1.5 million to better diagnose cancer at early stages Read More
On May 30 Vladimir Putin held a meeting on the development of artificial intelligence technologies. It took place during a visit to School 21, established by Sberbank as an educational organization to train IT specialists. Before the meeting, the head of state was told about the academic process at School 21 and had a brief …
President Putin: “AI is one the key areas that determine the future of the entire world” Read More
Today Yandex, the NASDAQ-listed Russian Internet giant, announced two high-tech, AI-related novelties. The company unveiled what it touts as “Russia’s first smart home ecosystem.” It is powered by Alice, the smart assistant which Yandex launched two years ago and made the news in sometimes surprising ways. “Alice can now turn on lights, adjust a thermostat, control …
Yandex launches AI-powered smart home gadgets and video stream features Read More
The Netherlands-based international peace organisation PAX has just released a report on “The State of AI: Artificial Intelligence, the Military and Increasingly Autonomous Weapons.” The authors warn that “an AI arms race is in its infancy” with “potentially catastrophic results for humanity if states do not ensure human control over emerging weapons technology.” The report urges governments to work together: “States should …
Report: AI arms race is starting, states and private companies should stop it Read More
