After DeepSeek leap forward, Russia's Sberbank plans joint AI research with China

Sberbank, Russia's biggest bank, plans to collaborate with Chinese researchers on joint AI projects after DeepSeek upended the technology landscape by creating a powerful AI model much more cheaply than US rivals, a top executive told Reuters.

"Sberbank has many scientists. Through them, we plan to conduct joint research projects with researchers from China," Sberbank first deputy CEO Alexander Vedyakhin told Reuters.