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Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Weekend Edition Artificial intelligence to transform web: Russian tycoon AFP - Wednesday, December 29 Send IM Story Print Artificial intelligence to transform web: Russian tycoon MOSCOW (AFP) - – The emergence of artificial intelligence is to transform the Internet industry and social networking over the next decade, Russia's leading web tycoon said in an interview on Tuesday. The low-profile Yury Milner, chairman in the rapidly expanding Mail.ru Internet firm and CEO of DST Global investment company who built minority stakes in Facebook and other Western firms, made the comments in an rare interview with Vedomosti. "I think that in 10 years if you ask a question on a social network and you get an answer you will not know if a computer or a person has answered you," Milner told the financial daily. "When you receive a question, you will not know if it has been asked by a person or an artificial intelligence. And by answering you help the computer create an algorithm." Mail.ru, which is part owned by Russian magnate Alisher Usmanov and recently enjoyed a solid IPO in London, has grown into the biggest Internet firm in the Russian-speaking world with stakes in the most prominent portals. It rose to prominence abroad when it unexpectedly took a 2.4 percent stake in Facebook. DST Global, the investment vehicle, also has an undisclosed stake of its own that unconfirmed reports put at a total holding of 10 percent. In the interview Milner made no comments on the size of the Facebook stake, or Mail.ru's holdings in online games portal Zynga and deal-of-the-day website Groupon. Milner said there had been a revolutionary change in demand for information and now there was "as much information generated in the the last two days as there was in the history of civilisation up to 2003." He defended the company's tight focus on consumer Internet products, and in particular social Internet, saying that "we have chosen a strategy to have a global expertise in a very narrow sector." He said that in every Internet sector, there was a tendency for one single firm to become dominant, as with Facebook in social networking in the English-speaking world. "On the Internet there is a tendency for 'winner takes all' and a leader emerges in every niche with surprising consistency," he said. "This is the main issue that we look at. When we made our first investment in Facebook, it was not obvious that it was a winner." Recommend Send IM Story Print Related Articles US-TECH Summary Reuters - 21 minutes ago Apple sued over apps privacy issues; Google may be next Reuters - 2 hours 12 minutes ago China delays NSN's $1.2 billion buy of Motorola unit Reuters - Wednesday, December 29 S.Korean court rules anti-rumour law unconstitutional AFP - Wednesday, December 29 Artificial intelligence to transform web: Russian tycoon AFP - Wednesday, December 29 News Search Top Stories PepsiCo's Russia deal wins Putin's blessing Areva carries out capital increase Elton John and partner become parents: report European stocks struggle for direction, euro firms French growth revised down, public debt shrinks More Top Stories » Related Full Coverage Internet Portals & Search EnginesLatest development in the online world All Full Coverage » ADVERTISEMENT Most Popular Most Viewed Playboy's Hefner proposes to 24-year-old Playmate Tail end of US blizzard sows travel chaos Israel to close door on African influx Iraq oil production tops 2.6m barrels a day Elton John and partner become parents: report More Most Viewed » More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Weekend Edition Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo! Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Entertainment Photos Yahoo! News Network Copyright © 2010 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

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