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Russia’s Sber Eyes Turkish Market Through AI Expansion
(MENAFN) Russia’s largest financial institution, Sber, is considering a return to Türkiye, but this time as a technology company with a focus on artificial intelligence (AI), according to its first deputy chair, Alexander Vedyakhin, who spoke to a news agency during the St. Petersburg International Economic Forum (SPIEF) last week.
Vedyakhin revealed that Sber is currently in confidential discussions with Turkish firms about potential projects. He explained that while financial transactions between Russia and India are straightforward due to the bank’s local branch there, dealings with Türkiye require more complicated procedures compared to internal banking operations.
Highlighting the transformative power of AI, Vedyakhin noted that the technology has reshaped the global economy, not only through chatbots but also with the emergence of AI agents. He projected that the AI agent economy could contribute approximately $3 trillion to global GDP by 2030, a sharp rise from the current $150 billion, marking a trend that will affect nations worldwide.
Vedyakhin revealed that Sber is currently in confidential discussions with Turkish firms about potential projects. He explained that while financial transactions between Russia and India are straightforward due to the bank’s local branch there, dealings with Türkiye require more complicated procedures compared to internal banking operations.
Highlighting the transformative power of AI, Vedyakhin noted that the technology has reshaped the global economy, not only through chatbots but also with the emergence of AI agents. He projected that the AI agent economy could contribute approximately $3 trillion to global GDP by 2030, a sharp rise from the current $150 billion, marking a trend that will affect nations worldwide.
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