Eastern Europe / Tech

Uncertain future for Russian IT growth

bne IntelliNews December 19, 2024

Almost three years after the departure of major Western IT firms, Russia's tech market is on the rise, but the growth is unlikely to be sustainable.

Investigation shows Russian money channeled to Romanian media and conspiracy theorists

Iulian Ernst in Bucharest December 3, 2024

Snoop investigation finds Kremlin-linked digital advertising firm AdNow channelled at least €2mn to Romanian media and influencers promoting conspiracy theories and far-right content.

Russia's robot industry struggles

bne IntelliNews December 2, 2024

Since the departure of global industrial robot manufacturers, Russia has been striving to establish local robot production as a substitute, but progress has been minimal so far.

Open-source code software: no easy solution for Russian companies

bne IntelliNews November 21, 2024

According to a recent study conducted by the Russian research group B1, 83% of companies in the country are either already using or planning to implement open-source solutions.

Half of Ukraine’s top IT firms see revenue drop amid war, relocations

bne IntelliNews October 26, 2024

Despite the challenges, several global players have remained resilient and employment in the industry has increased.

Nebius aims to become a leading AI infrastructure provider

bne IntelliNews October 23, 2024

Company formed from the split of Russian tech giant Yandex's assets to meet "massive and sustained" demand for AI infrastructure.

Investment in Ukrainian defence startups set to hit $50mn in 2024

bne IntelliNews October 21, 2024

Investment set to surge tenfold from the $5mn recorded last year, finds study by KSE and Brave1.

Russia showcases a "made in Russia" supercomputer and large volume gas turbine

bne IntelliNews October 11, 2024

Russia’s top university, the Moscow State University (MGU), has announced it has developed one of the world’s “second or third most powerful” supercomputers, and Putin has also unveiled Russia's first large volume gas turbine.

Russian firms embrace AI and robotics to boost productivity, despite challenges

bne IntelliNews October 9, 2024

As Russia’s economy slowly comes under more pressure as the military Keynesianism effects that have been boosting growth start to wear off, Russia’s leading firms are casting around for ways to enhance productivity.

Russian tech startups, cybersecurity firms flourish amid sanctions

Ben Aris in Berlin October 3, 2024

Despite facing extensive international sanctions, Russia's technology sector is witnessing a surge in local startup activity, with innovative companies emerging to fill gaps left by departing international firms.

Russian Telegram crashed as news of Iran’s attack on Israel broke

bne IntelliNews October 1, 2024

Russian Telegram crashed on the evening of October 1 as news broke of a large-scale Iranian missile attack on Israel.

Nebius enters European AI infrastructure race with multi-billion-dollar investment plan - Volozh

Vladimir Kozlov in Cyprus September 25, 2024

Nebius, an AI firm formed as a result of a spinoff of Russian IT giant Yandex' international business, has announced the launch of a new GPU cluster in Paris. The move comes as part of the company's plans to invest more than $1bn by mid-2025 in AI.

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