Key Points
MOSCOW, July 19 (Reuters) - Russia's dominant lender Sberbank (SBER.MM) is making around $3 billion each year from artificial intelligence, a return on investment of about 200%, CEO German Gref told Russian President Vladimir Putin on Wednesday...
Russia, shunned and sanctioned by the West, is having to develop the technology largely alone.. "Every year we invest a sum of around $1 billion in artificial intelligence technology," Gref told Putin at a televised event in the Kremlin..
During his time at Sberbank's helm, Gref has overseen investments in artificial intelligence, cloud services, big data and smart devices, transforming the former Soviet savings bank's image..
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