Over the past few years, large ecosystems emerged around Mail.ru Group, Sberbank and Yandex, with both competition and cooperation intensifying between them. ICT.Moscow, a media initiative from the Moscow government, has analyzed the variety of services provided by the three companies and the underlying business logic. It has compiled industry news from November 2019 to August 2020, aiming …
Russia’s leaders have been paying close attention to artificial intelligence (AI) technologies for several years now. President Vladimir Putin has said on numerous occasions that the leader in the field of AI would become “the master of the world.” Until recently, however, Russia remained virtually the only large country without its own AI development strategy. …
Developing artificial intelligence in Russia: Objectives and realities Read More
Crunchbase and East-West Digital News are teaming up to cover key tech and venture trends from Russia and neighboring countries in Eastern Europe. Since last year, EWDN chief editor Adrien Henni has offered a regular column to highlight the most notable industry facts and trends as well as promising tech innovations from these countries. Covering the second quarter of …
President Vladimir Putin’s plans for digital businesses to help power Russia’s economic recovery from the coronavirus pandemic by giving Russia one of the lowest tax rates in the world for IT companies might not be what they seem, analysts told The Moscow Times. In an address to the nation in June, Putin hailed the Russian IT sector’s …
Russia’s ‘IT tax maneuver’ could bring cash to the budget, not to IT companies Read More
The Russian IT industry will experience a severe brain drain in the wake of the coronavirus (COVID-19) pandemic and ensuing economic crisis, unless the government introduces support measures for the sector, major local IT companies warn. In 2020 to 2021, 10,000 to 15,000 IT professionals could leave Russia as the overall economic downturned caused by …
As the Covid-19 outbreak is having a growing impact on the global economy, countries need new economic growth models, writes Rainer Michael Preiss in his Forbes column. Preiss is a portfolio strategist based in Singapore, covering global macroeconomics and geopolitics with a focus on emerging markets and emerging technologies. While artificial intelligence powered by 5G …
Many tech entrepreneurs from Russia and neighboring countries tend to establish their startup abroad – in the USA, the EU, or Asia – as they reach a certain level of maturity, or even from the very start. The reasons for the startup drain include the limited size of the domestic market, the lack of locally-available …
Startup drain: Russian tech entrepreneurs smash it in Europe Read More
At least 21 autonomous republics and regions of the Russian Federation are setting up digital permit systems to enforce self-isolation rules: with a few exceptions, anyone who wants to leave their home in those regions needs or will need an official permission. These regional governments are using one and the same application: “Gosuslugi Stop Coronavirus,” …
[Updated May 7] Last week Telegram, the messaging app founded by Russian tech guru Pavel Durov, postponed yet another time the release of its blockchain platform TON and cryptocurrency Gram. The hypothetical launch is now scheduled for April 2021 with a clawback clause for investors. Through a controversial ICO in early 2018, Telegram raised some …
Is Telegram’s blockchain project heading to legal, technical and financial failure? Read More
Crunchbase and East-West Digital News are teaming up to cover key tech and venture trends from Russia and neighboring countries in Eastern Europe. Since last year, EWDN chief editor Adrien Henni has offered a regular column to highlight the most notable industry facts and trends as well as promising tech innovations from these countries. Covering the first quarter …
DSight, a business intelligence agency focusing on the Russian venture market, has just released the English version of its latest yearly report. Russian venture investments amounted to at least $868 million in 2019 (excluding exits), up 13% year-on-year, says the report. Although this performance remains very modest by international comparison (USA: $136 billion, UK: $14.3 billion, Germany: $6.6 billion), it …
Russian venture market reached record $868 million in 2019 Read More
WGBH, a Boston-based public radio and TV channel, has just published an in-depth article about the long-lasting relationship between the Massachusetts Institute of Technology (MIT) and Skolkovo Institute of Science and Technology (Skoltech). Skoltech is a private technology research institute working closely with Skolkovo, a state-backed international tech hub located on the outskirts of Moscow. …
MIT’s Russian tech partnership under scrutiny from US government Read More
