Sber and Mail.ru Group “on the brink of divorce” (FT)

March 31, 2021

The rumors aired in late 2020 about dissensions between Mail.ru Group (an LSE-listed Russian Internet major) and Sber (the state-controlled financial and technology giant previously known as Sberbank) could be confirmed soon.  The Financial Times learned that the two groups are considering splitting jointly-owned assets, including meal delivery service Delivery Club and ride-hailing service Citimobil. These companies are part of a joint …

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Ford to become first mass producer of electric vehicles in Russia

March 29, 2021

Ford is set to become the first automaker to launch mass production of electric vehicles in Russia, the Kommersant newspaper has reported. The U.S. car giant, through a joint venture with Russian firm Sollers, will start making electric versions of its Ford Transit vans at a plant in Russia’s republic of Tatarstan from 2022, a company …

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Russia considers opening patients’ medical data to AI developers

March 29, 2021

The Russian Ministry of Digital Development considers providing AI developers with access to anonymized medical data of Russian citizens. As reported by business daily Kommersant, patients’ data could be used by companies working on AI-based solutions for disease diagnosis or prediction, as well as for epidemiological purposes.  AI developers would be connected to a special …

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How Yandex plans to expand its autonomous robot delivery service

April 21, 2021

The COVID-19 health crisis in much of the U.S. seems likely to hasten the adoption of self-guided robots and drones for goods transportation. They require disinfection, which companies like Kiwibot, Starship Technologies, and Postmates are conducting manually with sanitation teams. But in some cases, delivery rovers like Refraction’s could minimize the risk of spreading disease. Recent market reports from Allied Market …

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Telegram raises $1 billion with Russian sovereign wealth fund buying bonds

March 29, 2021

Telegram has sold more than $1 billion in bonds to international investors, founder Pavel Durov announced Tuesday, with Russian sovereign wealth fund RDIF now among the firm’s backers. Durov, who founded Russia’s leading social network VKontakte before launching messaging app Telegram, said the investment will “enable Telegram to continue growing globally, while sticking to its …

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Dancing in a gym and ‘erotic’ footage from a banya: Putin deep fake videos emerge on TikTok

March 29, 2021

In early December 2020, an anonymous user set up a TikTok channel, called “First Person”, dedicated to Russian President Vladimir Putin. The channel posts deep fake videos of an actor impersonating Putin.  “When you go to a videoconference and don’t have to change out of your sweatpants,” says the caption on the very first video …

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2020 report: Russian VC market fell to $702 million, foreign investment reached new lows

December 31, 2021

Dsight, a Moscow based business intelligence company with a focus on investment, has just released the English version of its yearly Russian venture report. The trends are disappointing, with a 20% contraction of total investment volume — from $869 million in 2019 to $702.8 million in 2020. Dsight attributes this fall to the “unpredictability of the …

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Russian gaming giant Playrix acquires Ukrainian Boolat Games

March 24, 2021

Earlier this week Playrix, a global Russian-founded gaming giant, announced the acquisition of Ukrainian game studio Boolat Games. The terms of the deal have not been disclosed.  Launched 20 years ago, Boolat Games creates multi-platform free-to-play and adventure games. Different genres are available, from casual to hardcore: RPG, time-management, hidden objects, strategy, etc. The studio’s portfolio features dozens …

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From fintech, to transport, to medtech, blockchain practice takes off in Russia

March 24, 2021

ICT Moscow, an internationally-oriented resource on technology development in Russia and Moscow, has released a dedicated section to feature blockchain practice in the country. Fifty-two practices are featured, involving such companies as Kaspersky Lab, M.Video, Megafon, Norilsk Nickel, Rostelecom, Russian Railways, Sber, S7 Airlines, as well as the Federal Tax Service of Russia and the …

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Russian Venture Forum: “A new decade of radical transformations” (offline+online, Kazan, April 7-8)

March 23, 2021

On April 7-8, more than 200 Russian and foreign speakers as well as thousands of attendees are expected to take part in the 15th edition of the Russian Venture Forum (RVF). One of the country’s leading industry events, this forum is held each year in Kazan, the capital of the Republic of Tatarstan. This edition …

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Korean tech news site teams up with EWDN to bridge global innovation

March 22, 2021

Startup Recipe, a leading tech news outlet from South Korea, and East-West Digital News, the international resource on tech innovation in Eastern Europe, have teamed up to provide their respective audiences with new insights. Startup Recipe now offers a selection of translated EWDN content on its website. In the past few weeks, through this content …

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Yandex launches world’s first crowdsourced data-labeling course on Coursera

March 23, 2021

Last week Yandex, the Russian NASDAQ-listed digital tech giant, launched an online course on data labeling, presenting the initiative as a world’s first.  This five-week course aims to teach “efficient and scalable data labeling for ML and various business processes” based on a crowdsourcing approach. Students are explained how to “split complex challenges into small tasks and distribute them among a …

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