Quantinuum Raises $1.68 Billion in Upsized Nasdaq IPO Amid Growing Quantum Computing Demand 
Gold Prices Slide as Strong Dollar and Rate Concerns Pressure Bullion 
Apollo and Blackstone Complete $35 Billion Anthropic AI Infrastructure Financing Deal 
Anthropic Files for IPO, Signaling a New Era for Public AI Investments in 2026 
US Officials Explore AI Company Equity Stakes Ahead of OpenAI and Anthropic IPO Plans 
US Dollar Holds Near Two-Month High as Fed Rate Outlook and Middle East Tensions Boost Demand 
Switch Eyes Multi-Billion-Dollar Funding Round at $50 Billion Valuation Ahead of Potential IPO 
DeepSeek Targets $7.4 Billion Funding Round, Valuation Could Reach $59 Billion in 2026 
BOJ June Rate Hike Likely as Inflation Risks Rise Amid Middle East Tensions 
South Korea Weighs AI Profit Sharing as Samsung and SK Hynix Earnings Surge 
Nvidia Unveils RTX Spark AI PC Chips, Expands Challenge to Intel, AMD, and Apple 
Oil Prices Climb as Middle East Tensions Escalate and Ceasefire Prospects Fade 
RBI Holds Interest Rates at 5.25%, Cuts India Growth Forecast Amid Rising Global Risks 
Blue Origin New Glenn Explosion Could Delay Launch Operations Until 2028 
UK House Prices Slip for Third Straight Month as Borrowing Costs and Iran Conflict Weigh on Demand 
Oil Prices Slip but End Two-Week Losing Streak as Middle East Tensions Persist in 2026 
President Vladimir Putin has tasked Russia's government and Sberbank to bolster AI cooperation with China. This strategic move aims to counter the impact of Western sanctions that have hindered Moscow's access to critical technology, pushing for innovation alongside BRICS partners.
Putin Directs Russia's Largest Bank to Collaborate on AI with China
According to Reuters, Russian President Vladimir Putin has directed Sberbank, the country's largest bank, and the Russian government to work together with China to develop AI.
Wednesday marked the publication of Putin's orders on the Kremlin website, following his announcement three weeks ago that Russia would collaborate with BRICS and other nations to advance artificial intelligence.
Russia Looks to China Amid Sanctions Blocking Tech Access
Specifically, he urged Sberbank and the Russian government to "ensure further co-operation with the People's Republic of China in technological research and development in the field of artificial intelligence."
Due to Western sanctions, Russia is no longer able to import the microchips it needs to continue its war against Ukraine. As a result, Russia's artificial intelligence (AI) aspirations have been severely curbed.
Sberbank CEO Highlights Challenges in AI Hardware
The hardest hardware for Russia to replace, according to Sberbank CEO German Gref in 2023, were graphics processing units (GPUs), the microchips that support artificial intelligence development.
Russia is trying to undermine America's hegemony in a 21st-century technology that holds great promise by forming partnerships with non-Western nations.
New AI Alliance Network Announced by Putin
On December 11, Putin announced that a new artificial intelligence alliance network would be established, which would bring together experts from the BRICS countries as well as other states that are interested.
According to the UK-based Tortoise Media's Global AI Index, which rates 83 countries on AI implementation, innovation, and investment, Russia is presently ranked 31st. This places Moscow far behind not just China and the US but also neighboring BRICS nations India and Brazil.
