Sberbank, Russia’s largest bank, has announced plans to collaborate with Chinese researchers on AI projects. The move comes as China’s DeepSeek has disrupted the global tech industry with its low-cost AI models, challenging US rivals like Nvidia. Sberbank, which has transformed from a Soviet-era state savings bank into a major AI player under CEO German Gref, aims to leverage its network of scientists to join forces with China’s AI researchers.
Sberbank’s First Deputy CEO, Alexander Vedyakhin, confirmed the plans but refrained from naming specific Chinese partners. DeepSeek, a startup based in Hangzhou, has gained significant attention for its ability to produce advanced AI models at a fraction of the cost of American counterparts. This development could further fuel competition in the AI sector, especially amid growing tensions between the West and nations like Russia and China.
The strategic partnership between Russia and China is deepening, with both countries emphasising AI as a key area of cooperation. As Moscow faces Western sanctions due to the war in Ukraine, collaboration with China is seen as essential for advancing in AI and other technological fields. However, Russia’s AI projects remain somewhat secretive, making it difficult to assess their true capabilities. Despite this, Sberbank’s First Deputy CEO noted that DeepSeek’s models have outperformed Russia’s GigaChat in scientific tasks, though Sberbank’s model remains competitive in banking applications.
Vedyakhin also highlighted the efficiency of DeepSeek’s approach, noting that its success proves high-quality AI can be achieved without massive investments in infrastructure. This philosophy aligns with Sberbank’s strategy, which focuses on low-cost AI solutions rather than the large-scale projects seen in the US. The bank’s AI platforms, like its Kandinsky text-to-image model and GigaChat Lite, are publicly available, following the transparent approach that has made DeepSeek successful.
Workday has announced plans to cut around 1,750 jobs, or 8.5% of its workforce, as it shifts focus towards AI and international expansion. CEO Carl Eschenbach said the layoffs would help prioritise investments in AI while also freeing up resources to strengthen the company’s presence in different markets. Shares of the California-based human capital management firm rose over 4% in premarket trading following the announcement.
The industry has faced a slowdown in enterprise spending due to high interest rates affecting tech budgets. Workday expects to incur charges of up to $270 million related to the job cuts, with $60 million to $70 million recognised in the fourth quarter. The company, which had around 18,800 employees as of January last year, also plans to close some of its office spaces as part of its cost-cutting strategy.
Workday faces growing competition in the human capital management sector as rivals consolidate through acquisitions. Recent deals include Paychex’s $4.1 billion purchase of Paycor and ADP‘s $1.2 billion acquisition of WorkForce Software. Despite the job cuts, Workday reaffirmed that its financial performance remains on track, with annual subscription revenue expected to reach $7.70 billion and fourth-quarter revenue forecasted at $2.03 billion.
Thailand plans to draft a strategic plan for its semiconductor sector within 90 days, aiming to attract new investments amid the growing trade tensions between the US and China. The country’s national semiconductor board will engage a consultancy to create an industry roadmap, with Narit Therdsteerasukdi, secretary-general of the Thailand Board of Investment (BOI), leading efforts to promote the sector. As part of these efforts, Narit is also organising roadshows in the US and Japan to draw in semiconductor investments.
The semiconductor industry has faced significant disruption due to the US-China trade war, and further instability is expected as US President Donald Trump’s renewed tariffs on Chinese imports continue. Despite this, Thailand’s semiconductor sector has seen growth, with inbound investment applications reaching a decade-high of 1.14 trillion baht ($33.5 billion) in 2023. The country aims for 500 billion baht in new investments by 2029, focusing on power electronics, including semiconductors for electric vehicles, data centres, and energy storage systems.
Thailand is positioned as a key player in the global semiconductor market, ranking second among emerging economies for semiconductor manufacturing. Companies like Analog Devices, Sony, Toshiba, and Infineon have facilities in Thailand, and investment in printed circuit boards, essential for electronic devices, has also surged. Thailand’s neutral position in the ongoing trade conflict makes it an attractive destination for investors seeking stability.
However, Thailand faces stiff competition from other Southeast Asian countries, particularly Malaysia, which is aiming for over $100 billion in semiconductor investments. Despite this, Thailand’s growth potential remains strong, driven by its growing reputation as a manufacturing hub for electronics.
OpenAI is set to introduce an education-focused version of its chatbot to around 500,000 students and faculty at California State University. The rollout, covering 23 campuses, aims to provide personalised tutoring for students and administrative support for faculty members. The initiative is part of OpenAI’s broader effort to integrate its technology into education despite initial concerns about cheating and plagiarism.
Universities such as the Wharton School, the University of Texas at Austin, and the University of Oxford have already adopted ChatGPT Enterprise. In response, OpenAI launched ChatGPT Edu in May last year to cater specifically to academic institutions. The education sector has become a growing focus for AI companies, with Alphabet investing $120 million into AI education programs and preparing to introduce its Gemini chatbot into school-issued Google accounts for teenage students.
Competition in AI-driven education is intensifying. In the UK, Prime Minister Keir Starmer inaugurated the first Google-funded AI university in London, providing teens with AI and machine learning resources. As AI adoption in schools increases, major tech companies are vying for a dominant role in shaping the future of digital learning.
Australia has banned Chinese AI startup DeepSeek from all government devices, citing security risks. The directive, issued by the Department of Home Affairs, requires all government entities to prevent the installation of DeepSeek’s applications and remove any existing instances from official systems. Home Affairs Minister Tony Burke stated that the immediate ban was necessary to safeguard Australia’s national security.
The move follows similar action taken by Italy and Taiwan, with other countries also reviewing potential risks posed by the AI firm. DeepSeek has drawn global attention for its cost-effective AI models, which have disrupted the industry by operating with lower hardware requirements than competitors. The rapid rise of the company has raised concerns over data security, particularly regarding its Chinese origins.
This is not the first time Australia has taken such action against a Chinese technology firm. Two years ago, the government imposed a nationwide ban on TikTok for similar security reasons. As scrutiny over AI intensifies, more governments may follow Australia’s lead in limiting DeepSeek’s reach within public sector networks.
OpenAI CEO Sam Altman met with India’s IT Minister Ashwini Vaishnaw on Wednesday to discuss India’s vision of developing a low-cost AI ecosystem. Vaishnaw shared on X that the meeting centred on India’s strategy to build a comprehensive AI stack, including GPUs, models, and applications. He noted that OpenAI expressed interest in collaborating on all three aspects.
Altman’s visit to India, his first since 2023, comes amid ongoing legal challenges the company faces in the country, which is its second-largest market by user numbers. Vaishnaw recently praised Chinese startup DeepSeek for its affordable AI assistant, drawing parallels between DeepSeek’s cost-effective approach and India’s goal of creating a budget-friendly AI model. Vaishnaw highlighted India’s ability to achieve major technological feats at a fraction of the cost, as demonstrated by its moon mission.
Altman’s trip also included stops in Japan and South Korea, where he secured deals with SoftBank and Kakao. In Seoul, he discussed the Stargate AI data centre project with SoftBank and Samsung, a venture backed by US President Donald Trump.
The European Commission has launched the OpenEuroLLM Project, a new initiative aimed at developing open-source, multilingual AI models. The project, which began on February 1, is supported by a consortium of 20 European research institutions, companies, and EuroHPC centres. Coordinated by Jan Hajič from Charles University and co-led by Peter Sarlin of AMD Silo AI, the project is designed to produce large language models (LLMs) that are proficient in all EU languages and comply with the bloc’s regulatory framework.
The OpenEuroLLM Project has been awarded the Strategic Technologies for Europe Platform (STEP) Seal, a recognition granted to high-quality initiatives under the Digital Europe Programme. This endorsement highlights the project’s importance as a critical technology for Europe. The LLMs developed will be open-sourced, allowing their use for commercial, industrial, and public sector purposes. The project promises full transparency, with public access to documentation, training codes, and evaluation metrics once the models are released.
The initiative aims to democratise access to high-quality AI technologies, helping European companies remain competitive globally and empowering public organisations to deliver impactful services. While the timeline for model release and specific focus areas have not yet been detailed, the European Commission has already committed funding and anticipates attracting further investors in the coming weeks.
At the annual Almaty Digital Forum, experts highlighted the growing importance of preparing for the AI revolution sparked by the sudden rise of the Chinese AI company DeepSeek. The company’s appearance at the forum raised questions about the future of AI and humanity, particularly due to the affordability of DeepSeek’s AI models, which cost just $6 million to develop, compared to the $40-100 million investments from other global players. This has made AI solutions more accessible to smaller developers and countries.
During the forum, Kaan Teryioglu, CEO of VEON Group, emphasised that AI’s potential lies in enhancing human capabilities across various sectors. Experts agreed that AI will no longer be dominated by tech giants, with smaller developers now able to harness its power. However, concerns were raised about the risk of cultural homogenisation if AI technologies are not adapted to local languages and values.
The forum also showcased Central Asia’s ambition to keep up with global AI developments, with high-level representatives from several countries, including Kazakhstan, Armenia, and Uzbekistan, in attendance. Kazakhstan, in particular, is planning to train a million AI professionals by 2030, with the goal of boosting AI exports to $5 billion by 2029. The government is also launching Alem.ai, a hub for AI research, start-ups, and international collaboration, expected to play a key role in the country’s AI future.
Kazakhstan’s ambitious plans have attracted the attention of global tech giants, who are already in discussions about establishing offices at Alem.ai. With a focus on developing local talent and fostering innovation, Kazakhstan aims to position itself as Central Asia’s intellectual capital and a key player in the global AI landscape. The forum’s success, with over 220 tech companies and 80 local start-ups participating, signals that the country’s plans may not be overly ambitious after all.
Next week, Paris will host the AI Action Summit, where representatives from nearly 100 nations, including the US and China, will gather to discuss the future of AI. With the backing of both France and India, the summit aims to address AI development’s safe deployment, focusing on areas where France has a competitive edge, such as open-source systems and clean energy for powering data centres. The summit will also look at AI’s impact on labour markets and the promotion of national sovereignty in the increasingly global AI landscape.
Key industry figures, including top executives from Alphabet and Microsoft, are expected to attend. Discussions will involve a range of topics, including a potential non-binding communiqué that could reflect a global consensus on AI principles. However, it remains uncertain whether the US will align fully with other countries, given the Trump administration’s policies and tensions over issues like AI chip exports to China.
Unlike previous AI summits, which focused on safety regulations, the Paris event will not be creating new rules. Instead, the emphasis will be on how to ensure the benefits of AI reach developing nations, particularly through affordable AI models. In addition, France plans to showcase its clean energy capabilities, leveraging its nuclear power sector to address the growing energy demands of AI technologies, with some commitments expected from businesses and philanthropies to support public-interest AI projects globally.
Belgium‘s new government, led by Prime Minister Bart De Wever, has announced plans to utilise AI tools in law enforcement, including facial recognition technology for detecting criminals. The initiative will be overseen by Vanessa Matz, the country’s first federal minister for digitalisation, AI, and privacy. The AI policy is set to comply with the EU’s AI Act, which bans high-risk systems like facial recognition but allows exceptions for law enforcement under strict regulations.
Alongside AI applications, the Belgian government also aims to combat disinformation by promoting transparency in online platforms and increasing collaboration with tech companies and media. The government’s approach to digitalisation also includes a long-term strategy to improve telecom infrastructure, focusing on providing ultra-fast internet access to all companies by 2030 and preparing for potential 6G rollouts.
The government has outlined a significant digital strategy that seeks to balance technological advancements with strong privacy and legal protections. As part of this, they are working on expanding camera legislation for smarter surveillance applications. These moves are part of broader efforts to strengthen the country’s digital capabilities in the coming years.
