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Sberbank Introduces ChatGPT Competitor: GigaChat

Russia's Sberbank announced on Monday the release of GigaChat, a technology designed to rival ChatGPT, initially available in an invite-only testing mode. This move positions Sberbank as a competitor in the artificial intelligence chatbot industry.

Sberbank logo
Sberbank logo

AI Chatbot Race Accelerated by ChatGPT Launch

The technology sector has experienced a surge in AI chatbot development since the release of ChatGPT last year. Developed by Microsoft-backed startup OpenAI, ChatGPT has spurred companies to increase user access to AI, aiming to transform how people work and capture new business opportunities.

GigaChat Boasts Superior Russian Language Capabilities

Sberbank claims that GigaChat's competitive advantage lies in its enhanced ability to communicate intelligently in Russian, outperforming foreign neural networks.

Sberbank's Tech Investments Counter Western Sanctions

As Russia's leading bank, Sberbank has heavily invested in technology in recent years. This strategy aims to reduce Russia's reliance on imports, a critical goal in light of Western nations cutting exports and imposing sanctions on Russia due to Moscow's involvement in Ukraine.