), has added driverless cars to its list of technology ventures, by teaming up with AI transport developer Cognitive Technologies, the two companies said on Thursday.
Sberbank and Cognitive Technologies have signed a legally binding document to create a new company, Cognitive Pilot, they said in a statement. The move marks the latest foray into Russia’s digital economy for state-owned Sberbank, which finalised the terms of a food delivery joint venture with Mail.Ru earlier this month and agreed to buy an equity stake in the internet company.
Russian internet giant Yandex currently leads the way in Russia’s driverless car market, testing its technology on the streets of Moscow and Israel, with a license to begin testing in the United States from next summer.Cognitive Technologies founder Olga Uskova will head the new venture with Sberbank.
Sperbank looks like a different kind of bank if not paying attention.