Sberbank, a Russian lender, announced on Monday that it has introduced GigaChat technology as a competitor to ChatGPT, first in an invite-only testing mode, thus entering the artificial intelligence chatbot race.
The debut of ChatGPT, a chatbot from Microsoft startup OpenAI, last year sparked a race in the technology sector to put AI in the hands of more users.
The goal is to transform how people work while also winning business.
According to Sberbank, what distinguishes GigaChat is its capacity to communicate more intelligently in Russian than other international neural networks.
Russia’s main bank has made significant investments in technology in recent years in order to lessen the country’s dependency on imports, a move that has become vital as Western nations have reduced exports to Russia and imposed punishing sanctions in response to Moscow’s actions in Ukraine.