Corporate

Decarbonization: Russian scientists bet on AI while government sets meagre country goals

February 17, 2022

Sber, Russia’s state-controlled financial and digital giant (previously known as Sberbank), and the Skolkovo Institute of Science and Technology (Skoltech), intend to develop software program to “evaluate the carbon balance drawing on remote sensing of the Earth.” The program aims to “facilitate the comprehensive analysis [which is] required [to make] effective decarbonization decisions and design …

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Nexters acquires gaming studios, Rostelecom eyes cloud gaming company

February 7, 2022

Last week Nexters — a Russian-founded gaming company which went public on the Nasdaq last summer by merging with a SPAC — announced a series of acquisition and investment deals. With a total upfront investment of around $100 million, Nexters will take control of three game studios:  RJ Games (Russia), a puzzle RPG major and the publisher of Puzzle Breakers; Royal Ark (Russia), …

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Meet Vladimir Kiriyenko, the new CEO of Russia’s top Internet group VK

January 6, 2022

In mid-December VK Company, a leading Russian Internet group previously known as Mail.ru Group, appointed Vladimir Kiriyenko, the son of a top Kremlin official, as its new chief executive. The LSE-listed group controls Russia’s top social networks (VKontakte and OK) and a variety of other internet businesses. The move followed the takeover of VK by companies affiliated …

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VK launches information security system overhaul and user data protection program update

December 22, 2021

VK is launching a new program designed to protect users and their data – VK Protect. The program will bring together all technical solutions that provide protection within the VK ecosystem, and will also assist users in managing their privacy and using tools to protect their information. “We are working on a comprehensive system to improve …

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VK ownership changes have both political and business motives, say Russian pundits

December 8, 2021

While the restructure in VK (ex-Mail.ru Group)’s ownership announced last week is making the Kremlin’s control over Russian social media even stronger, business motives are also involved, believe insiders.  As reported by The Bell, Sogaz is said to be the real managing partner here, even though technically speaking, the new ownership structure at VK is a diarchy with …

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“Engineering joy:” Sber’s new smart media speaker brings music, movies, gaming, food and much more to Russian homes

December 7, 2021

The technology ambitions of Sber, Russia’s state-controlled financial giant, were demonstrated again yesterday as the company presented its new smart media speaker. Sber claims the device was “created with the latest product design trends in mind” and touts it as a “one-of-a-kind in its category.” Christened ‘SberBox Time,’ the device combines the functionality of three …

“Engineering joy:” Sber’s new smart media speaker brings music, movies, gaming, food and much more to Russian homes Read More

Russian state strengthens control over leading Internet group VK

December 3, 2021

Russia’s Gazprom is gaining control of VK Company, the LSE-listed Russian Internet major (previously known as Mail.ru Group), as a result of a string of deals to buy out Russian billionaire Alisher Usmanov from the company. These transactions will increase state control over the group, which owns in particular the country’s leading social networks Vkontakte …

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Kalashnikov Group patents steel and plastic electric car

November 29, 2021

Russian weapon maker Kalashnikov Group has patented exterior and interior features of its new UV4 electric car, designed for the consumer market. The information appears in the database of Russia’s Federal Institute of Industrial Property. UV4 is equipped with an electric motor with a capacity of 50 kW (68 hp), which will allow the car to reach the speed …

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State-owned investment corporation Rusnano struggles with “disproportionate debt”

November 29, 2021

Earlier this month Rusnano, the state-owned investment corporation set-up in 2007 to nurture nanotechnologies and related innovation, admitted it had accumulated a “disproportionate debt,” reports TheBell.io. On Friday, Nov. 19, the Central Bank ordered the Moscow Stock Exchange to suspend trading of Rusnano’s bonds, while company management were reportedly locked in debt restructure negotiations. Unsurprisingly, …

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Sber creates virtual human to host Russian TV show

November 27, 2021

A virtual human built by Russian tech and finance giant Sber (ex-Sberbank) is hosting the Markets and Investor Calendar shows on RBC TV this month. Sber’s subsidiary SberDevices designed virtual host Elena using its new Visper platform for transforming pictures and audio recordings into AI characters that can realistically imitate human beings. Elena is an …

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VK acquires edtech businesses in Russia and Brazil

November 25, 2021

In the past few months, Russian Internet major VK (previously Mail.ru Group) demonstrated a strong appetite for online education — both in Russia and abroad.   In August the group, partnering with Alexander Galitsky, integrated its properties Skillbox and GeekBrains into a holding called Skillbox Limited. In October, VK completed the move by merging SkillFactory, …

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Yandex supercomputers top entries from Russia and Eastern Europe among world’s most powerful computing systems

November 25, 2021

Yandex’s most powerful supercomputer ranks 19th in the global TOP500, showing the best results for high-performance computing systems in Russia and Eastern Europe. Named after one of the greatest machine learning theorists, Alexey Chervonenkis, Yandex’s fastest supercomputer has 199 nodes and produces 21.53 petaflops, that is, 21.53 quadrillion floating-point operations per second. The other two Yandex TOP500 entries, …

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