Moscow: Russia's largest bank, Sber, is considering re-entering the Turkish market as a technology company, focusing on artificial intelligence (AI), as stated by its first deputy chair. Alexander Vedyakhin shared these insights during the St. Petersburg International Economic Forum (SPIEF) held recently, highlighting ongoing discussions with Turkish firms, though the details remain confidential.

According to Anadolu Agency, Vedyakhin highlighted the ease of transactions between Russia and India, facilitated by Sber's local branch in India. In contrast, transactions between Russia and Trkiye involve more complex procedures compared to internal bank transactions. Vedyakhin emphasized the transformative impact of AI on the global economy, noting that the AI agent economy is projected to contribute around $3 trillion to the global GDP by 2030, up from the current $150 billion.

Vedyakhin stressed the growing importance of sovereign AI for countries, noting that dependence on foreign AI models could have technological, cultural, and historical implications. He emphasized how AI models shape young people's understanding, underscoring the long-term effects of reliance on foreign AI systems. Sber is prepared to share its AI model, GigaChat, with Trkiye if requested, offering a sovereign AI model that can be adapted to meet the specific needs of the country.