Courtesy: Gateway House
At the St. Petersburg International Economic Forum in June, President Vladimir Putin reiterated that Russia is building a sovereign AI ecosystem. Despite Western sanctions and the brain drain following the Ukraine war, Moscow continues to support AI startups and SMEs through state-backed funding. There are 38 Russian AI companies, and it is worth analysing their backgrounds, classifications, and the links between them and the Russian state.
Courtesy: Council on Foreign Relations
The absence of panic in the energy markets despite the renewed U.S.-Iran fighting indicates a well-supplied oil market in the longer term. That means stability for energy short countries like India in the long term. In the short term, however, India will be impacted by other disruptions, such as the increased use of sanctions.
Courtesy: Business Post
The AI industry in the U.S. is on a high, with three major upcoming public offerings on the table from Anthropic, Open AI and Space X hogging the attention and news. But users are increasingly concerned about costs, and developers are rushing to raise capital. When the effervescence abates, a reduced appetite for AI stocks may eventually see investors return to emerging markets. Can India benefit?
Courtesy: Global Times
The Quad Foreign Ministers’ Meeting, held in New Delhi on May 26, highlighted both the progress and uncertainties surrounding the grouping. Significantly, it reaffirmed U.S. engagement. While the Quad has expanded its agenda and provided some concrete outcomes, the all-important Leaders’ Summit is still not visible – a worry for India’s prolonged chairship since 2024.