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    Home > Finance > Russia teams up with BRICS to create AI alliance, Putin says
    Finance

    Russia teams up with BRICS to create AI alliance, Putin says

    Russia teams up with BRICS to create AI alliance, Putin says

    Published by Global Banking and Finance Review

    Posted on December 11, 2024

    Featured image for article about Finance

    MOSCOW (Reuters) - President Vladimir Putin said on Wednesday that Russia would develop artificial intelligence with BRICS partners and other countries, a bid to challenge the dominance of the United States in one of the most disruptive technologies of the 21st Century.

    "I am confident that the international alliance of national associations and development institutes in the field of AI of BRICS countries and other interested states will give a significant boost to such cooperation," Putin told an AI conference in Moscow.

    "We will launch this alliance today," he said.

    Russia's largest lender Sberbank said that the new AI Alliance Network would include national AI associations from China, ranked as one of the world's top two AI powers, along with Russia, India, Brazil and South Africa, in a partnership.

    (Reporting by Gleb Bryanski; editing by Guy Faulconbridge)

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