Russian AI experts on LO-shot learning: Not really new, but promising

November 25, 2020

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 …

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Leading Russian edtech startup Skyeng backed by two major investment firms

November 24, 2020

Skyeng, one of the most successful Russian startups, has received funding from two major investment firms, 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 of the parties involved.   Neither the amount invested …

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Global Fashion Group raises €120 million on German stock exchange; Lamoda expects capital injections

November 24, 2020

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 some €120 million in gross proceeds. The group issued new shares on the Frankfurt Stock Exchange, where it is has been listed since July 2019. These 16.5 million shares were placed with institutional …

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Russian government approves $2.6 billion 5G deployment plan until 2024

November 24, 2020

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 …

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Russian corporate fund Sistema_VC backs again UK agritech startup KisanHub

November 23, 2020

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 …

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Mail.ru Group and Google launch international accelerator for video game developers

November 23, 2020

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 …

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Russia starts building $850 million high-speed arctic Internet

November 23, 2020

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 …

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The alliance between Mail.ru Group and Sber is not stable, say media reports

November 22, 2020

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 stabilized yet.  Financial Times reported the two companies are yet to align their strategic visions of the ecosystem they are building jointly. Sber sees its …

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Anton Mironenkov, Head of X5 Technologies: “In this pandemic, digital transformation is proving essential”

November 26, 2020

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. In this interview with …

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Now fully owned by Sber, Yandex.Checkout rebrands to ‘YooMoney’

November 19, 2020

Yandex.Checkout, a leading Russian payment service provider, is going to run its international operations – essentially in cross-border B2C payment operations – under a new brand, ‘YooMoney.’ The company says the transition will be completed by mid-December, 2020.  As for domestic operations, they are now run under brand of ‘YooKassa.’ These changes are coming as …

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Rostelecom to take control of waste management solution provider for $16.7 million

November 20, 2020

Rostelecom, Russia’s national telecom operator, is in the process of acquiring a 51% stake in Bolshaya Troika (Big 3), a provider of waste processing automation solutions. The transaction, which amounts to 1.275 billion rubles ($16.7 billion at the current exchange rate), will be completed in the first half of 2021 “after successful launch of a …

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