Need for Artificial Intelligence
Around $ 54 billion have said to have been allocated in the Russian Federal Budget for next financial year for the development of Artificial Intelligence (AI), Russian Prime Minister Mikhail Mishustin announced on Tuesday.
“In total, 5.2 bln rubles are allocated from federal funds for the development of artificial intelligence for the next year,” he said.
The minister opined that AI has a bright future around the globe and added that the Russian artificial intelligence market grew by 18% in 2022 alone, touching $6.74 bn.
Russia seems to wrest the initiative in investing in AI. It is estimated that Russia’s gross domestic product will touch $114.4 bn by 2030.
“.. thanks to the massive introduction of artificial intelligence (AI) technologies”, the office of Deputy Prime Minister Dmitry Chernyshenko said, “and implementation of the strategy by 2030, with maximum investments over 5 years, additional GDP growth from the mass implementation of AI is predicted in the amount of 11.2 trillion rubles total by 2030,” the statement said.
