Why Russia Will Stop Subsidizing Big Businesses in 2024

kmo 185076 00001 1 t222 192525.jpg — Russia is determined to promote the application of artificial intelligence (AI) technology thanks to a drastic new policy.

At the AI Journey conference held in Russia from November 22-24, 2023, Russian Deputy Prime Minister Dmitry Chernyshenko officially announced: “According to the directive of President V. Putin, the application of artificial intelligence (AI) will become mandatory for all large companies that plan to receive subsidies from the federal budget”. The corresponding directive was approved by Russian President V. Putin.

The new policy is considered to strongly promote the application of artificial intelligence (AI) technology in the most important areas of the Russian economy in the coming time.

According to Dmitry Chernyshenko, by 2030, the application of artificial intelligence (AI) technology in various fields will bring an additional 11,300 billion rubles to Russia's GDP.

Initially, the subjects covered by this policy will start with companies and organizations with a turnover exceeding 800 million rubles/year. At the same time, these are businesses participating in Russia's priority spearhead industries.

The Russian government also previously announced the 'Digital Health Services' project, which envisages budgetary support for the application of artificial intelligence (AI) technologies in the field of medicine.

Currently, about 16% of medical organizations in Russia have begun integrating artificial intelligence (AI) services into their systems.

However, not all artificial intelligence (AI) application projects that have been implemented in Russia have gone smoothly.

Recently, on November 8, the Russian Federal Health Protection Surveillance Agency (Roszdravnadzor) made the first decision to suspend the use of an image analysis system using artificial intelligence (AI) technology (believed to be Botkin.AI).

Russian authorities believe that using this artificial intelligence (AI) technology application system could be "harmful to health".

As of March 2023, 21 medical products using artificial intelligence (AI) technology have been registered in Russia, including 17 products from domestic developers and 4 products from abroad.

(according to RB)

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