Russia’s Sberbank eyes AI partnership with DeepSeek

Sberbank, Russia’s largest bank, plans to collaborate with Chinese researchers on AI projects, according to First Deputy CEO Alexander Vedyakhin.

This move follows China’s AI advancements, including Hangzhou-based DeepSeek, known for its cost-efficient AI models.

The partnership aligns with Russia’s broader strategy to strengthen ties with China and BRICS nations after Western sanctions restricted access to advanced technology.

President Vladimir Putin has urged Sberbank to expand AI cooperation.

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