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Eastern Economic Forum

Sber expects to earn $4.59 - 5.16 bln from AI activities in 2024

The Eastern Economic Forum is underway on the campus of the Far Eastern Federal University in Vladivostok on September 3-6, 2024

VLADIVOSTOK, September 3. /TASS/. Sber plans to earn 400-450 bln rubles ($4.59 - 5.16 bln) on artificial intelligence (AI) this year, First Deputy Chairman of the Board of Directors of Sberbank Alexander Vedyakhin said in an interview with Rossiya 24 TV channel as part of the Eastern Economic Forum (EEF).

"We have calculated how much we have earned over 5 years due to artificial intelligence - it is one 1.5 trillion rubles in net profit. We will earn 400-450 [bln rubles] in 2024," he said.

The Eastern Economic Forum (EEF) is underway on the campus of the Far Eastern Federal University in Vladivostok on September 3-6, 2024. The main theme of the EEF in 2024 is "Far East 2030. Combining strengths to create new potential."

The EEF is one of the largest international conferences in Russia. It has been held in the Primorsky Region’s Russky Island in Vladivostok since 2015. The Forum is the initiative of Russian President Vladimir Putin, who decreed that the event be held annually. The forum's objectives and goals include promoting the accelerated growth of Russia’s Far East region; assessing its potential for exports; expanding international cooperation in the Asia-Pacific Region; showcasing the investment appeal of the region, its steadily progressing territories, and the Vladivostok free port.

The Roscongress Foundation has served as the Forum’s organizer since 2016. TASS is the general information partner of the EEF.

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Eastern Economic Forum

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