MOSCOW: Russia's dominant lender Sberbank is making around US$3 billion each year from artificial intelligence, a return on investment of about 200 per cent, CEO German Gref told Russian President Vladimir Putin on Wednesday (Jul 19). Advances in generative AI by firms such as startup OpenAI, backed by Mic
MOSCOW: Russia's dominant lender Sberbank is making around US$3 billion each year from artificial intelligence, a return on investment of about 200 per cent, CEO German Gref told Russian President Vladimir Putin on Wednesday .
"Every year we invest a sum of around US$1 billion in artificial intelligence technology," Gref told Putin at a televised event in the Kremlin."And we get about US$3 billion back from artificial intelligence."
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