Facebook has paid a 4 million ruble ($53,000) fine, which was levied in February, for violating Russia’s personal data storage law. Proceedings against the company have been dropped, Russian state-run news agencies reported. Over the past years the regulator Roskomnadzor requested Facebook and Twitter several times to report on their compliance with the law. The digital giants sent both positive and negative signals … Facebook pays $53,000 fine for breaching... Read more ›
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Launched seven years ago in Silicon Valley with support of Sberbank, Fort Ross has turned its Russian roots an advantage in the eyes of US startups seeking global development opportunities. The venture firm now aims to enlarge its coverage to Europe, with two new funds announced in the past months. Its General Partner Victor Orlovski … Victor Orlovski of Fort Ross Ventures: “The pandemic and other challenges require new solutions,... Read more ›
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Sber, the state-controlled financial and tech giant (previously known as Sberbank) has acquired a 8% stake in Watchout!AI in exchange for a acquired 8%. The startup was valued at 125 million rubles, or $1.6 million at the current exchange rate. Founded in 2019, Watchout!AI uses computer vision and machine learning algorithms to “easily detect and prevent brand … Sber invests in AI-powered brand reputation management Read More Read more ›
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Launched almost a year ago, a Moscow city experiment on the use of artificial intelligence and computer vision technologies in the local healthcare system has involved more than 20 solution providers offering 38 services. The city authorities intend to involve even more providers, medical organisations and doctors, and develop new AI use cases. The city … Moscow government to expand AI experiment across the city’s healthcare system Read More Read more ›
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Just days after the triumphant NASDAQ IPO of Ozon, a leading Russian e-commerce company, another Russian digital major, ivi.ru, has started the registration procedure for a US IPO. No IPO-related documents related to Cyprus-registered company ‘ivi.ru Media Ltd’ are available yet on the SEC’s website, but two unnamed sources “close to the company” confirmed, in an … Media reports: Online video service ivi.ru starts NASDAQ registration procedure Read More Read more ›
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Earlier this week, according to media reports, the Russian government adopted a reform of the country’s sprawling network of 40 development institutions, including key players of the innovation ecosystem. This long-awaited reform aims to eliminate inefficiencies by consolidating like organisations and ensuring that each institution works specifically towards achieving Russia’s national development goals. The reform includes three components: … Sweeping reform to liquidate Bortnik Fund, Rusnano, RVC and Sk Read more ›
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The latest viral sensation taking the Russian internet by storm is… a farm. A fictional, futuristic “cyberpunk” farm, to be more specific. “Russian Cyberpunk Farm,” which imagines life at a provincial Russian village in a future dominated by tech corporations, has racked up more than 3.5 million views since it was published on YouTube last … Viral ‘cyberpunk farm’ satirizes Russia’s agritech future Read More Read more ›
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GenerationS and Sequence Ventures announce #GENSTechTalks a new series of talks (in English language) to explore the Russian tech landscape with the leading industry experts. The series is scheduled as follows: December 1: Quantum technologies with Maria Lepskaya of Runa Capital; December 10: Blockchain with Eldar Khamitov of G1 Ventures; December 22: Artificial Intelligence with Alexey Fomin of Botkin.AI. … AI, Blockchain, quantum: Online event series to highlight “next-wave technologies”... Read more ›
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As announced previously, the Ministry of Digital Development of the Russian Federation has launched an application called ‘Gosuslugi. Covid Tracker’ to track contacts with coronavirus patients all around Russia. Users diagnosed with COVID-19 must independently report this anonymously through the application. In turn, users with whom this person came in close contact in the last … Russian government launches Covid contact-tracing app Read More Read more ›
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In October, the MIT described a new approach to training artificial intelligence (AI) algorithms: “Less than one-shot,” or LO-shot learning – which could, in theory, bring a fundamental change to machine learning (ML). An AI model trained using this technique could be able to recognize even more real objects than was presented in the training dataset. In other … Russian AI experts on LO-shot learning: Not really new, but promising... Read more ›
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Shares in Russian online retail giant Ozon surged by more than 40% today in the first minutes of trading after the most eagerly anticipated Russian initial public offering (IPO) in years. The first-day jump gives Ozon a valuation of more than $7 billion in what analysts saw as a wildly successful launch. Interest in Ozon’s … NASDAQ IPO: Ozon shares jump 40% in first minutes of trading Read More Read more ›
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Skyeng, one of the most successful Russian startups, has received funding from two major investment funds, Winter Capital and Baring Vostok. The deal, which took place in October, was revealed only this past Friday by the Russian edition of Forbes magazine, based on exchanges with representatives the parties involved. Neither the amount invested in … Leading Russian edtech startup Skyeng backed by two major investment funds Read More Read more ›
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Last week Global Fashion Group (GFG), an international online fashion group focusing on growth markets – including Russia and neighboring countries where the group is represented by Lamoda – raised approximately €120 million in gross proceeds. 16.5 million new shares were issued at a price of €7.30 each. The group said the additional capital will be used “to accelerate the execution of its mid-term strategy, particularly by investing in the... Read more ›
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Last week a government commission “on digital development, the use of information technologies for improving the quality of life and the conditions of doing business” approved a 5G deployment roadmap for Russia. “The transition to 5G technologies is one of the priorities to digitalize the Russian economy, since is provides the ground for quality growth … Russian government approves $2.6 billion 5G network deployment plan until 2024 Read More Read more ›
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Last week Global Fashion Group (GFG), an international online fashion group focusing on growth markets – including Russia and neighboring countries where the group is represented by Lamoda – raised approximately €120 million in gross proceeds. 16.5 million new shares were issued at a price of €7.30 each. The group said the additional capital will be used “to accelerate the execution of its mid-term strategy, particularly by investing in the... Read more ›
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For the second time in less than 18 months, Sistema_VC, one of the venture investment vehicles of Russian conglomerate Sistema, has backed UK agrotech startup KisanHub. The latest round, announced last week, provided £1.12 million ($1.49 million) to the Cambridge-headquartered startup. The round was led by Low Carbon Innovation Fund II (LCIF2) with co-investment matching coming from … Russian corporate fund Sistema_VC backs again UK agritech startup KisanHub Read More Read more ›
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Google and My.Games, a branch of Mail.ru Group, last week announced a joint accelerator program “for promising mobile game studios and projects.” Dubbed ‘Game Drive,’ this accelerator targets studios from the EMEA region, including Western Europe, Russia and other Russian speaking countries, region, Turkey, Israel, the Middle East and Africa. The selected projects will receive an … Mail.ru Group teams up with Google to launch international accelerator program for video... Read more ›
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Russia has started building high-speed internet infrastructure in the Arctic to be used by large ports and oil and gas companies, the Federal Sea and River Transportation Agency (Rosmorrechflot) announced Wednesday last week. The trans-Arctic underwater fiber optic cable will stretch across 10,000 kilometers from the northwestern port of Murmansk to the Pacific port of Vladivostok. Rosmorrechflot partnered … Russia starts building $850 million high-speed arctic Internet Read More Read more ›
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According to media reports last week, the alliance of Sber (the state-controlled financial and technology giant previously known as Sberbank) and Mail.ru Group (an LSE-listed Russian Internet major) is not stable. Financial Times reported the two companies have not been able to align their strategic visions of the ecosystems they are building jointly. Sber sees … The alliance between Mail.ru Group and Sber is not stable, say media reports Read... Read more ›
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Over the last years, X5 Retail Group, a leading Russian food retailer listed on the London and Moscow stock exchanges, has undertaken a process of deep digital transformation from procurement automation, to facial recognition, to video analytics. As Head of X5 Technologies, Anton Mironenkov, leads a team of some 2,500 professionals. He shared with East-West … Anton Mironenkov, Head of X5 Technologies: “In this pandemic, digital transformation is proving essential”... Read more ›
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Business Insider
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28.11.2024 00:38
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