President Vladimir Putin has tasked Russia's government and Sberbank to bolster AI cooperation with China. This strategic move aims to counter the impact of Western sanctions that have hindered Moscow's access to critical technology, pushing for innovation alongside BRICS partners.
Putin Directs Russia's Largest Bank to Collaborate on AI with China
According to Reuters, Russian President Vladimir Putin has directed Sberbank, the country's largest bank, and the Russian government to work together with China to develop AI.
Wednesday marked the publication of Putin's orders on the Kremlin website, following his announcement three weeks ago that Russia would collaborate with BRICS and other nations to advance artificial intelligence.
Russia Looks to China Amid Sanctions Blocking Tech Access
Specifically, he urged Sberbank and the Russian government to "ensure further co-operation with the People's Republic of China in technological research and development in the field of artificial intelligence."
Due to Western sanctions, Russia is no longer able to import the microchips it needs to continue its war against Ukraine. As a result, Russia's artificial intelligence (AI) aspirations have been severely curbed.
Sberbank CEO Highlights Challenges in AI Hardware
The hardest hardware for Russia to replace, according to Sberbank CEO German Gref in 2023, were graphics processing units (GPUs), the microchips that support artificial intelligence development.
Russia is trying to undermine America's hegemony in a 21st-century technology that holds great promise by forming partnerships with non-Western nations.
New AI Alliance Network Announced by Putin
On December 11, Putin announced that a new artificial intelligence alliance network would be established, which would bring together experts from the BRICS countries as well as other states that are interested.
According to the UK-based Tortoise Media's Global AI Index, which rates 83 countries on AI implementation, innovation, and investment, Russia is presently ranked 31st. This places Moscow far behind not just China and the US but also neighboring BRICS nations India and Brazil.


Oil Prices Rebound as Iran Denies U.S. Talks Amid Gulf War Supply Fears
Alibaba Bets on AI Agents to Unify Its Vast Digital Ecosystem
Jeff Bezos Eyes $100 Billion Fund to Transform Manufacturing With AI
Asian Currencies Weaken as Dollar Rebounds Amid Middle East Uncertainty and Japan Inflation Data
SpaceX IPO Filing Expected This Week as Valuation Could Surpass $75 Billion
Oil Prices Plunge Over 6% as Middle East Ceasefire Hopes Ease Supply Fears
Google's TurboQuant Algorithm Sends Memory Chip Stocks Tumbling
U.S. Oil Prices Slide as Middle East Ceasefire Talks Spark Market Optimism
NVIDIA Resumes China AI Chip Production Amid $1 Trillion Revenue Forecast
Micron Technology Beats Q2 Earnings Estimates, Issues Strong AI-Driven Outlook
Asian Markets Rally as Oil Prices Tumble and Middle East Peace Hopes Emerge
Amazon's "Transformer" Phone: Can It Succeed Where Fire Phone Failed?
Microsoft Eyes Legal Action as Amazon-OpenAI Deal Threatens Azure Exclusivity
Elon Musk Announces Terafab: SpaceX and Tesla to Build Dual AI Chip Factories in Austin, Texas
Asian Currencies Stay Muted as Dollar Holds Firm Amid Iran Uncertainty
Meta Ties Executive Pay to Aggressive Stock Price Targets in Major Retention Push
Malaysia Semiconductor Industry Eyes Helium Supply Risks Amid Middle East Conflict 



