X5 Retail Group, a leading Russian food retailer, is deploying a robotic telephone platform based on advanced speech technologies. Used to handle incoming calls and make outgoing calls without human intervention, the group’s new voice assistants simulate dialogue with customers and help resolve their issues. “After the caller formulates a question, the bot uses complex machine learning algorithms and accumulated data to identify the … Russian retail giant X5 automates... Read more ›
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Commuters in Moscow will soon be able to take a ride on the metro with just a turn of their heads, as the Russian capital embraces next-generation facial payment technology. At least one turnstile at each metro station will be equipped with the contactless facial recognition technology as soon as next spring, Moscow authorities say. The system, which … Moscow Metro to introduce facial payment technology Read More Read more ›
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The Skolkovo Foundation and VR_Bank have evaluated the digitalization level of the top 50 Russian banks in the first half of 2020. Tinkoff Bank – which has just agreed an acquisition deal with Yandex – became the leader and moved up one place compared to 2019. It is followed by state-controlled bank VTB, which moved … Tinkoff, VTB and Sberbank top Russian bank digitalization ranking Read More Read more ›
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Several ministries of the Russian Federation, including The Ministry of Finance, the Ministry of Transport, the Ministry of Natural Resources, the Ministry of Economic Development, as well as the Federal Agency for Maritime and River Transport (Rosmorrechflot) supported the draft government decree on conducting an experiment on the operation of self-driving vessels. According to the … Russia to launch self-driving tram and vessel experiments Read More Read more ›
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The Russian Direct Investment Fund (RDIF), Russia’s sovereign wealth fund, has teamed up with its Emirati peer Mubadala to invest “more than 1 billion rubles” (approximately $13 million at the current exchange rate) in Russian face recognition startup NtechLab. Touting itself as “the global leader in computer vision systems based on artificial intelligence and neural networks,” NtechLab’s solutions enable “highly … Face recognition startup NtechLab secures $13 million from Russian... Read more ›
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The Russian Direct Investment Fund (RDIF), Russia’s sovereign wealth fund, has teamed up with its Emirati peer Mubadala to invest “more than 1 billion rubles” (approximately $13 million at the current exchange rate) in Russian face recognition startup NtechLab. Touting itself as “the global leader in computer vision systems based on artificial intelligence and neural networks,” NtechLab’s solutions enable “highly … Russian and Emirati sovereign wealth funds invest $13 million... Read more ›
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A series of news in the past few days came to underline the intensifying relationship between Russia and Gulf countries in the fields of technologies and investment. Mubadala eyes Russian technologies Thus last week Sberbank, the state-controlled Russian financial and tech giant (now known as Sber), announced a “strategic agreement” with Mubadala Investment Company (Mubadala), an Abu Dhabi-based sovereign … Russia and Gulf countries intensify cooperation in high tech Read... Read more ›
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As the global digital music market pursues solid growth, last week saw three deals involving companies from Russia or with Russian founders. Sberbank acquires Zvooq Just a day before touting its transformation into a tech “universe,” Sber announced the acquisition of Zvooq, one of the most established Russian music platforms. No details about the transaction were disclosed. Founded in 2010 by UK … From Moscow to Berlin, digital music startups... Read more ›
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Sberbank, Russia’s state-controlled financial behemoth, is embarking on what it calls the biggest transformation in its history, as it unveils a suite of new technology products in an aggressive drive to get deeper into the tech sector. In a flashy presentation Thursday morning — echoing Apple’s famous annual product launches which attract millions of viewers … Sberbank unveils sweeping transformation into tech company Read More Read more ›
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‘Deliver,’ a major international event on e-commerce and logistics, will take place this year in a fully online format, attratcing participants from all parts of the world. An unprecedented league of 600 decision-makers in retail and logistics will participate. This year, 12 different themes will be addressed during the four Retail Leaders Masterclasses: Automation, Omnichannel, Sustainability, Resilience, Community, Business Model, Customer … Deliver, the European rendez-vous for logistics (online event, Read more ›
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We believe the proposed acquisition of Tinkoff (TCS) by Yandex (YNDX) is a win-win for both companies. From YNDX’s perspective, TCS’ valuation looks reasonable, and its takeover should create a vast scope for synergies, cross-selling and product bundling, solidifying the united company’s competitive positions. Even with an equity component, the deal should be EPS-accretive from year one, … Yandex to buy Tinkoff: Deal parameters and implications Read More Read more ›
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On September 21 Wildberries, the number one retailer in Russia, launched sales in Ukraine. Customers can order goods with free delivery in the wildberries.ua online store as well as through the iOS mobile application. An Android app will be launched shortly. In addition to Russia and Ukraine, the company operates commercially in six countries: Belarus, … Russian e-commerce leader Wildberries launches in Ukraine Read More Read more ›
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‘Militsioner’ (what a policeman was called in the USSR and up until 2010) is a new indie game from Russian studio Tallboys, unveiled on Steam in July 2020. “Escape from the Giant Policeman before he catches you in this first-person open-sandbox game set in a mysterious world,” reads the project’s Steam page. The location is … New game features AI-driven Soviet-era policeman “with a precise moral compass” Read More Read more ›
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‘Militsioner’ (what a policeman was called in the USSR and up until 2010) is a new indie game from Russian studio Tallboys, unveiled on Steam in July 2020. “Escape from the Giant Policeman before he catches you in this first-person open-sandbox game set in a mysterious world,” reads the project’s Steam page. The location is … New game features AI-driven Soviet-era policeman “with a precise moral compass” Read More Read more ›
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Yandex, the NASDAQ-listed Russian Internet giant, has agreed with TCS group – owned by Russian billionaire Oleg Tinkov – the potential acquisition of its online banking and financial service company Tinkoff. “The parties have come to an agreement in principle on a transaction that would consist of cash and share consideration worth approximately $5.48 billion … After parting ways with Sberbank, Yandex plans to buy Russia’s leading online bank Read... Read more ›
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Russia’s Ministry of Digital Development, Communications, and Mass Media wants to ban websites from using the latest encryption technologies, to make it easier for Russia’s Internet and telecom regulator, Roskomnadzor, to block access to Russian Internet resources containing prohibited content. Experts point out that a number of large Internet companies, including the Russian Internet giant … Russian government wants to ban latest encryption technologies Read More Read more ›
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My.Games Venture Capital (MGVC), an investment firm affiliated to Mail.ru Group, and Aii Corporation, a Finnish VC firm, have teamed up to invest in a US-headquartered mobile games studio called Hypemasters. “Under the new partnership, MGVC will provide marketing, HR, operations, and financial support to Hypemasters to drive the development of current and future titles,” … My.Games invests in Russian-founded studio Hypemasters Read More Read more ›
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AliExpress Russia and Tinkoff Payment, a merchant acquiring service, took a close look at online orders made through the platform in Russia in 2019–2020. The study is based on the analysis of transaction data from 6.5 million Russian bank cards processed by Tinkoff Payment as well as AliExpress customer data. During the first eight months of … Average order value on AliExpress Russia doubles in 2020 Read More Read more ›
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Just weeks after The Untitled announced plans to launch a new venture fund for Russia and Eastern Europe, Fort Ross Ventures, another Russia-connected VC firm, shared news about a similar initiative. Dubbed ‘Fort Ross Seed Fund,’ the new venture vehicle is the third fund managed by Fort Ross, following SBT Ventures I and II. It … New Fort Ross venture fund to invest across Eastern Europe with Sberbank support Read... Read more ›
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Last week Sumsub, an identity verification startup with Russian roots, announced he completion of a $6 million round. This Series A was led by MetaQuotes, a Russian-rooted financial trading software company, with participation from Telegram VP Ilia Perekopsky and unnamed existing investors. Founded in 2015 by Peter, Andrey and Yakov Sever and Vladislav Zholudev, Sumsub is headquartered in London … KYC startup Sumsub secures $6 million from Russian investors Read... Read more ›
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Most popular sources
Business Insider
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25% 5 |
Tech Wire Asia
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20% 15 |
CNET
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7% 3 |
Eurogamer.net
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6% 1 |
The Verge
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6% 3 |
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28.11.2024 04:37
Last update: 04:30 EDT.
News rating updated: 11:31.
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