Five significant tech companies in Russia dominates nearly the entire market share of AI monetization in 2024.
In 2024, Russia's artificial intelligence (AI) industry experienced significant growth, with the combined revenue of the top five players accounting for 95% of the total market, amounting to 1.412 trillion rubles.
Yandex, a prominent player in the industry, generated a revenue of 500 billion rubles, representing a 49.25% increase from the previous year. Sber, another key player, also saw a growth of 14.29%, bringing in 400 billion rubles. VK and T-Techologies (T-Bank) also reported increases, with VK generating 119 billion rubles, a 26.34% rise, and T-Techologies (T-Bank) earning 350 billion rubles, a 16% increase.
However, the revenue figures for Kaspersky Lab and Lanit Group were not specified in the given data. Lanit Group, which was among the top five in 2023, fell to 111th place in 2024.
Despite more than 80% of surveyed companies exploring the possibility of AI implementation, only around 40% proceeded with it. The actual market volume for AI software and services in Russia does not exceed 50 billion rubles, according to MWS AI.
The implementation of generative artificial intelligence in business processes is yielding mixed results, as per the NANDA project report. Only 5% of companies managed to integrate AI tools into their production processes, and 95% of pilot programs did not result in improved company performance indicators.
On a positive note, the online education market in the AI sphere has seen record growth, despite the edtech sector being in stagnation. For 2025, analysts predict a 25-30% increase in the market volume of AI in Russia, reaching 1.9 trillion rubles.
It's important to note that the macroeconomic instability was not mentioned in the provided facts. The available search results do not specify which company outside of the top five leaders in Russia's AI industry achieved the highest revenues from AI monetization.
In conclusion, while the AI industry in Russia is thriving, with record revenues in 2024, there are challenges to be addressed in terms of implementation and integration of AI tools into business processes. The industry is expected to continue growing in the coming years.
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