A socially oriented non-financial development institution and a major organizer of nationwide and international conventions; exhibitions; and business, public, youth, sporting, and cultural events.

The Roscongress Foundation is a socially oriented non-financial development institution and a major organizer of nationwide and international conventions; exhibitions; and business, public, youth, sporting, and cultural events. It was established in pursuance of a decision by the President of the Russian Federation.

The Foundation was established in 2007 with the aim of facilitating the development of Russia’s economic potential, promoting its national interests, and strengthening the country’s image. One of the roles of the Foundation is to comprehensively evaluate, analyse, and cover issues on the Russian and global economic agendas. It also offers administrative services, provides promotional support for business projects and attracting investment, helps foster social entrepreneurship and charitable initiatives.

Each year, the Foundation’s events draw participants from 208 countries and territories, with more than 15,000 media representatives working on-site at Roscongress’ various venues. The Foundation benefits from analytical and professional expertise provided by 5,000 people working in Russia and abroad.

The Foundation works alongside various UN departments and other international organizations, and is building multi-format cooperation with 173 economic partners, including industrialists’ and entrepreneurs’ unions, financial, trade, and business associations from 78 countries worldwide, and 179 Russian public organizations, federal and legislative agencies, and federal subjects.

The Roscongress Foundation has Telegram channels in Russian t.me/Roscongress, English – t.me/RoscongressDirect, and Spanish t.me/RoscongressEsp. Official website and Information and Analytical System of the Roscongress Foundation: roscongress.org.

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Alexander Vedyakhin

Alexander Vedyakhin

First Deputy Chairman of the Executive Board, Sberbank
Quotes
17.06.2022
SPIEF 2022
Artificial Intelligence: Personnel, Technology, and Prospects
Once they have trained themselves with pictures, they are excellent at solving financial problems. That’s despite the fact that we have only provided a minimum amount of financial training – <...> who’s more reliable in terms of repaying loans, and who’s less reliable. On average, their forecast coefficient is 10% better – that’s a huge amount of money in our loan portfolio. The network which can sing, dance, recognize pictures and draw is 10% better at deciding which customers should be offered a loan, and which should be refused than the network which cannot sing and draw. What’s more, it’s better than the networks that have spent their entire conscious or unconscious lives on financial mathematics. This is now a megatrend. We tried it in finance, and I am confident that trained neural networks will offer up very interesting and unpredictable results in other areas
17.06.2022
SPIEF 2022
Artificial Intelligence: Personnel, Technology, and Prospects
I agree with Alexander [Kuleshov – ed.] that at Sberbank we cannot compete with Google in terms of salaries. Only if the rouble continues to strengthen sharply will we reach some level of equivalence, but it’s hardly as if we want this
17.06.2022
SPIEF 2022
Artificial Intelligence: Personnel, Technology, and Prospects
We need to respond to challenges posed by infectious diseases within a month. Without artificial intelligence this would simply be impossible. Cytologic evaluation – the analysis of genomic changes and mutations – and tackling hereditary diseases, are things that artificial intelligence can do very quickly. We are also doing well here. Andrey [Travnikov – ed.] talked about how artificial intelligence is being [employed – ed.] in healthcare, and we are also working with his region in this area. This evaluation of tumour boundaries is saving 10–15% of people’s lives
17.06.2022
SPIEF 2022
Artificial Intelligence: Personnel, Technology, and Prospects
What is meant by asking what technology holds the greatest promise or where the best trends lie? Are we going to argue about it? Of course not. What we can actually identify now as a super-trend is the so‑called 3M, or M cubed. First of all, this of course refers to mega-transformers. <...> It’s about multimodality, when different modalities are processed by this model. By this, I mean it’s something that can read and write. <...> It can tackle both financial and non-financial tasks. It’s really amazing stuff. In terms of multitasking, gate to deep mind, for example, 600 tasks can be handled simultaneously
16.06.2022
SPIEF 2022
Russian World-Class IT-Solutions: Our Response to Global Challenges
There are four topics that, in our opinion, need to be worked on, even five – 4+1: infrastructure software [...] second, speeding up certification procedures [...] third, specialists, specialists, and more specialists [...] and the development of domestic Open Source because we are cut off, then we’re not cut off, and then we’re allowed back in, and then we’re not allowed back in, and so on, so we need domestic Open Source. And why is it 4+1: actually, if you look at it, all these great companies that we now want to substitute for, they were born from start-ups, and we have an online venture hub called SberUnity, it has 1,200 participants and an import substitution department. […] Just look, everyone is saying: Sber is buying up everything, but in this case Sber is developing everything. Come and see, if you have start-ups, bring them too. In fact, this infrastructure for import substitution start-ups is a good topic, and it also needs government support, not so much financial in this case as just moving forward
04.06.2021
SPIEF 2021
Art. Creativity. AI
Goosebumps are <…> a matter of network learning and reinforcing it. These approaches sometimes generate more goosebumps and sometime less. Let’s address the approaches that generate more goosebumps. <…> Since we have a range of <…> products made by Artificial Intelligence, it makes sense to study them. Once we start studying them, we will be able to assess what gets better and what gets worse. It will end up in improvement eventually,
04.06.2021
SPIEF 2021
Art. Creativity. AI
As for intellectual property, it is regulated now. A person or an organization, who has intellectual rights, is considered the author. It is not like that in real life: one model is responsible for the second one. The latter one writes the third one. How we feel is not the only thing that matters. The legal aspect is also important. <…> Together with them [our colleagues from Rospatent, – Ed.], we are preparing an application for an intellectual product by Artificial Intelligence. It means that AI code was written by another AI code. So, we are applying for this AI product. It is not a film or a painting – it is a code. Yet, it is equally important. If together with Rospatent we are able to find the right procedure for intellectual property, this may become an actual breakthrough,
23.10.2019
Russia- Africa Economic Forum 2019
Financing as an Essential Instrument of Economic Growth in Africa
Sberbank is ready and will follow its clients to the African continent. <...> In this case, risks are distributed in part to the client, in part to our African partners and are closed by Afreximbank, as well as a number of other financial institutions. But for us, as a Russian institution, it is very important that we have EXIAR. We take risks of the African continent much more easily under the coverage of EXIAR
23.10.2019
Russia- Africa Economic Forum 2019
Russia and Africa: Uncovering the Potential for Cooperation
Cybercrime has intensified in the past few years. The attacks have increased in scale and danger, they bring colossal damage to the global economy. According to international experts, the losses from cyberattacks in 2018 in Africa amounted to USD 295 million, whereas global count was at USD 1.5 trillion
23.10.2019
Russia- Africa Economic Forum 2019
Introducing Russia to Africa
Joint development of technologies with the use of artificial intelligence has a great potential for our cooperation. Artificial intelligence technologies develop swiftly and will help resolve the most pressing issues impacting African countries and will result in the growth and development of the most important segments of the economy
05.09.2019
EEF 2019
Digital State: New Business Models Brought by Total Digitalization
The problem is that the state treats people as citizens. Just imagine that a person is a state’s client: it implies a dramatic shift in perception. You will see that we all compete for the same people, state’s clients, bank’s clients, telecom clients. In our bank, we provide instant, proactive services, we give recommendations to clients, and they get used to it. And then they expect the same from the state
07.06.2019
SPIEF 2019
Digital Future: What’s in Store for Us?
Artificial intelligence is dramatically changing the whole financial segment. The areas where we apply artificial intelligence showcase improvement of at least 30%: it is either cost reduction or revenue increase; this is significant
06.06.2019
SPIEF 2019
Who Stands to Win in the Global Competition for Supremacy in Artificial Intelligence?
As leaders in this field, we need to tell more about the advantages of artificial intelligence and what it can offer to the society
06.06.2019
SPIEF 2019
Who Stands to Win in the Global Competition for Supremacy in Artificial Intelligence?
The most difficult thing in crediting is crediting of major companies. At the best, it usually takes 2–3 weeks for a bank. We have launched an AI-based process that takes 7 minutes from client’s request to actual money, including legal analysis. <…> We do not have a single model that would increase productivity for less than 30%. <...> We have no alternatives, it must be implemented
06.06.2019
SPIEF 2019
Who Stands to Win in the Global Competition for Supremacy in Artificial Intelligence?
There are now over 2,000 models functioning at the bank that can be called AI and ML-based models, and this number is constantly growing