MOSCOW, Nov 28 (Reuters) – Russia's largest lender, Sberbank , has added driverless cars to its list of technology ventures, by teaming up with AI transport developer Cognitive Technologies, the two companies said on Thursday.
Sberbank and Cognitive Technologies have signed a legally binding document to create a new company, Cognitive Pilot, they said in a statement.
Sberbank will have a 30% share in the company, while Cognitive Technologies will take 70%. The two companies did not disclose financial details of the deal, which will be completed in December.
The move marks the latest foray into Russia's digital economy for state-owned Sberbank, which finalised the terms of a food delivery joint venture with Mail.Ru earlier this month and agreed to buy an equity stake in the internet company.
The new company will be engaged in developing “digital economy projects in transport, agriculture, computer vision and artificial intelligence,” the statement said.
Russian internet giant ..
Tag: Mobility
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