On Monday, Sberbank (SBER.MM), a Russian lender, announced that it had entered the competition for artificial intelligence chatbots with the launching of GigaChat, a rival to ChatGPT, initially in an invite-only testing mode.
The launch of ChatGPT, a chatbot from the Microsoft-backed firm OpenAI (MSFT.O), last year has sparked a rush in the tech industry to make AI more accessible to people.
The goal is to change how individuals operate and get clients.
According to Sberbank, what distinguishes GigaChat from other international neural networks is its capacity to converse more intelligently in Russian.
Since Western countries have cut their exports to Russia and implemented severe sanctions over Moscow’s activities in Ukraine, Russia’s leading bank has significantly invested in technology to lessen its import dependency.