Eastern Europe / Tech

Sberbank to create AI alliance, launches supercomputer

bne IntelliNews November 9, 2019

Russia’s largest bank and digital innovation frontrunner Sberbank announced creating an Artificial Intelligence alliance including the state-controlled bank, Yandex and Mail.ru internet majors, MTC mobile operator, Gazprom Neft oil company, and RDIF

Russian Yandex sells out its smartphone, unveils delivery robot

bne IntelliNews November 7, 2019

Russian internet major Yandex has sold out of its pilot smartphone model Yandex.Phone, which has proven to be a rare dud for the company, Kommersant daily reported on November 7, citing distributors and electronics retailers.

Draft law limiting foreign ownership of Russian tech companies softened to set 49% cap

bne IntelliNews November 7, 2019

The draft law on limiting foreign investors share of “strategically important” tech companies has been considerably softened with the cap on foreign ownership increased from 20% to 49%.

Russia's Ozon online retailer launches express delivery

bne IntelliNews October 18, 2019

Russian e-commerce major Ozon launched a new express delivery “Supermarket” service that will deliver food and grocery in under 40-60 minutes in some Moscow districts, Vedomosti daily reported on October 17 citing the representatives of the company.

Russian taxi market seen growing 6% to $11bn in 2019

bne IntelliNews October 9, 2019

Expansion ahead, but the sharp growth phase that was provoked by the entry of taxi aggregators through lower prices and more passengers is waning, says a study from the Analytic Centre.