Foreign money may support Russian AI

17 August 2019

Earlier this summer international investors gave the Russian Direct Investment Fund (RDIF) $2bn for investing in Russian companies that develop artificial intelligence solutions.

The government-owned fund was reported to have raised the amount from partners representing large sovereign funds and global corporations based in the Middle East and Asia. Co-investors from the United Arab Emirates were mentioned among others.

Source
Related news
Game software working group to be established in Russia — expert
Sberbank has no critical dependencies on Western suppliers — CEO
Number of Russia’s IT industry employees rises by 12% in 2022