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RDIF is considering investments in OSA Hybrid Platform

RDIF is considering investments in OSA Hybrid Platform
Photo credit: glob-news.com

On November 9, the Russian Direct Investment Fund (RDIF, Russia’s sovereign wealth fund), published a press release reporting that the Fund is “considering investments in promising projects in Artificial Intelligence (AI), including the Botkin.AI platform, developed by Intellogic LLC, and the OSA Hybrid Platform, one of Russia’s leading companies in RetailTech.”
As cited in the press release, “The investments under consideration are part of the strategy to develop AI technologies in Russia. RDIF has signed a corresponding agreement with the Russian Government, established partnerships with five leading companies in this sector and attracted more than $2 bn from foreign partners for joint investments in Russian AI projects. The Fund implements AI technologies in portfolio companies, and to date has analyzed more than 100 projects and intends to invest in 20 of the most promising ones.”
The press release quoted Kirill Dmitriev, CEO of the Russian Direct Investment Fund (RDIF), who said that “The OSA Hybrid Platform has already been acknowledged both in Russia and internationally. Artificial intelligence in sales supports a significant increase in retail chains’ revenue and provides a number of other advantages for retailers and consumers.”
Read more on RDIF website, RIA News website and Finam News website.