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Putin orders Russian government and top bank to develop AI cooperation with China
MOSCOW (Reuters) - President Vladimir Putin has ordered Russia's government and the country's biggest bank, Sberbank, to build cooperation with China in artificial intelligence. Putin's instructions were published on the Kremlin's website on Wednesday, three weeks after he announced that Russia
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Putin orders Russian government and top bank to develop AI cooperation with China
MOSCOW, Jan 1 (Reuters) - President Vladimir Putin has ordered Russia's government and the country's biggest bank, Sberbank (SBER.MM), opens new tab, to build cooperation with China in artificial intelligence. Putin's instructions were published on the Kremlin's website on Wednesday, three weeks
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Putin orders Russian government and top bank to develop AI cooperation with China
A screen displays a broadcast address by Russia's President Putin at the VDNKh Exhibition Centre on New Year's Eve. TASS President Vladimir Putin has ordered Russia's government and the country's biggest bank, Sberbank, to build cooperation with China in artificial intelligence. Putin's
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Putin orders Russian bank to cooperate with China on AI
This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. According to Russian state news agency TASS, President Putin has ordered the government and Sberbank to "ensure further co-operation with the People's Republic
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China and Russia Forge Major Tech Collaboration To Challenge US
Russian President Vladimir Putin has ordered the government and Sberbank, Moscow's largest state-owned bank, to collaborate with China on developing AI technology in what is likely an effort to challenge the U.S., according to Reuters. In instructions on the Kremlin's website published on
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Russian President Vladimir Putin has instructed the government and Sberbank to cooperate with China on artificial intelligence research and development, aiming to challenge Western dominance in AI technology.

Russian President Vladimir Putin has issued a directive for the Russian government and Sberbank, the country's largest bank, to develop cooperation with China in the field of artificial intelligence (AI)
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. This move comes as part of Russia's broader strategy to advance its AI capabilities and challenge Western dominance in this crucial technology sector.The instruction, published on the Kremlin's website, follows Putin's earlier announcement of Russia's intention to team up with BRICS partners and other countries for AI development
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. This collaboration is seen as a response to Western sanctions that have severely limited Russia's access to advanced technologies, particularly microchips essential for AI development.Western sanctions, imposed due to Russia's ongoing war in Ukraine, have resulted in major microchip producers halting exports to Russia
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. This has significantly impacted Russia's AI ambitions, with Sberbank CEO German Gref acknowledging in 2023 that graphics processing units (GPUs) were the most challenging hardware for Russia to replace.Putin has proposed the creation of an AI Alliance Network, which aims to bring together specialists from BRICS countries and other interested states
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. This initiative is part of Russia's strategy to develop alternatives to Western-dominated technologies and financial systems.According to the UK-based Tortoise Media's Global AI Index, Russia currently ranks 31st out of 83 countries in AI implementation, innovation, and investment
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. This collaboration with China, a leading power in AI development, could potentially boost Russia's position in the global AI race.Related Stories
The partnership between Russia and China in AI development has significant military and strategic implications. Both countries have been focusing on implementing AI in combat environments, with reports suggesting collaboration on AI-powered weapons
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. This development could have far-reaching consequences for global security and the ongoing conflict in Ukraine.By partnering with China and other non-Western countries, Russia aims to challenge the United States' dominance in AI technology. However, recent reports indicate that the US still outpaces China in AI development, with the gap widening in terms of research output and private investment
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.As this collaboration unfolds, it will likely reshape the global AI landscape, potentially altering the balance of technological power and influencing international relations in the coming years.
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