Foreign investors give RDIF $2 bln for Russian AI firms

Prime, 30.05.2019

MOSCOW, May 30 (PRIME) -- Foreign investors have given the Russian Direct Investment Fund (RDIF) U.S. $2 billion for investments in local companies working in the sphere of artificial intelligence (AI), business daily Vedomosti reported on Thursday, citing the fund’s documents prepared for a meeting with President Vladimir Putin.

The RDIF raised the money from partners from big sovereign funds and global corporations of the Middle East and Asia, a RDIF spokesperson said.

The document mentions co-investors from the United Arab Emirates.

Putin’s press secretary Dmitry Peskov said that main reports at the Thursday meeting will be done by Sberbank CEO German Gref and Deputy Prime Minister Maxim Akimov.

“There will be section Exchange of Opinions where (RDIF CEO Kirill) Dmitriev will possibly speak about what work he plans to do,” Peskov said.