Dmitriev announced that Russia has the cheapest electricity for the development of AI

Russia has the most affordable electricity in the world to power artificial intelligence (AI) systems. Kirill Dmitriev, Special Representative of the President of the Russian Federation for Investment and economic cooperation with foreign countries and head of the Russian Direct Investment Fund (RDIF), told reporters on October 22.

"Yesterday I talked, for example, about the joint data center project. Because Russia has the cheapest electricity for artificial intelligence in the world, and we see that we can cooperate in the technological field," TASS quoted Dmitriev as saying.

The head of the Russian Direct Investment Fund also touched upon the export of agricultural products. He stressed that Russian fertilizers play a key role in ensuring the stability of the global food market, including agriculture in the United States.

Electrocuted: How Exorbitant AI Ambitions are Dampening the U.S. Electric Power Industry

Construction of data centers threatens to run out of capacity

The day before, Dmitriev said that Russia and the United States are engaged in an active dialogue on energy projects and the creation of data centers for development. According to him, mutual cooperation between Russia and the United States, despite the opposition of Europe, will continue to continue. He stressed that common projects will appear "progressively and actively."