Chinese venture capital could play key role in driving growth of Russia's capital-thirsty AI start-ups

When artificial intelligence (AI) proceeds to actual application, China and Russia will benefit from their engineers, entrepreneurs as well as the foreign and vast domestic market. China could therefore leapfrog the US as the world's AI leader, said a top Russian AI expert.

"China has a huge industrial and consumer market, where new technologies and solutions are in high demand. Russia has developed one of the world's strongest mathematics schools. That is why AI is one of the obvious areas for Sino-Russian cooperation," said Konstantin Gorbach, AI business director of Russian industrial digitalization technology firm Zyfra.