Business News Report
April 24, 2023

Russian Bank Sberbank Takes on ChatGPT with GigaChat

In Brief

Russian lender Sberbank has released GigaChat, a new AI chatbot.

GigaChat is currently in invite-only testing mode.

The chatbot is notable for its superior ability to communicate intelligently in Russian.

Russian Bank Sberbank Takes on ChatGPT with GigaChat

As the competition in the field of AI chatbots continues to intensify, Sberbank, Russia’s largest lender, has joined the fray as the newest contender. Sberbank has announced the launch of GigaChat, a cutting-edge chatbot technology that aims to compete with ChatGPT, which is banned in Russia. While GigaChat is currently undergoing testing in invite-only mode, it can become a serious contender in the market.

According to Reuters, GigaChat stands out from other foreign neural networks due to its superior ability to communicate intelligently in the Russian language.

AI chatbots like ChatGPT have revolutionized how businesses and individuals interact with technology. Artificial intelligence can now handle a broad range of tasks, from answering simple or complex questions to creating content and analyzing images.

AI’s immense potential has not gone unnoticed by major world powers, and many have developed their own versions of this powerful technology. China is no exception, having entered the AI chatbot market with Baidu’s Ernie chatbot, SenseTime’s SenseNova, and Alibaba’s Tongyi Qianwen. Like Russia’s GigaChat, these Chinese chatbots can communicate in the country’s native dialects.

Sberbank has made significant technology investments over the past few years to decrease the country’s import dependence. Reuters reported that this is particularly crucial in light of Western nations’ reduction of exports to Russia and the imposition of punitive sanctions due to Moscow’s actions in Ukraine.

There is a lack of information available about GigaChat at this time.

Read more:

Disclaimer

In line with the Trust Project guidelines, please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. MetaversePost is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.

About The Author

Agne is a journalist who covers the latest trends and developments in the metaverse, AI, and Web3 industries for the Metaverse Post. Her passion for storytelling has led her to conduct numerous interviews with experts in these fields, always seeking to uncover exciting and engaging stories. Agne holds a Bachelor’s degree in literature and has an extensive background in writing about a wide range of topics including travel, art, and culture. She has also volunteered as an editor for the animal rights organization, where she helped raise awareness about animal welfare issues. Contact her on [email protected].

More articles
Agne Cimerman
Agne Cimerman

Agne is a journalist who covers the latest trends and developments in the metaverse, AI, and Web3 industries for the Metaverse Post. Her passion for storytelling has led her to conduct numerous interviews with experts in these fields, always seeking to uncover exciting and engaging stories. Agne holds a Bachelor’s degree in literature and has an extensive background in writing about a wide range of topics including travel, art, and culture. She has also volunteered as an editor for the animal rights organization, where she helped raise awareness about animal welfare issues. Contact her on [email protected].

Hot Stories
Join Our Newsletter.
Latest News

The Calm Before The Solana Storm: What Charts, Whales, And On-Chain Signals Are Saying Now

Solana has demonstrated strong performance, driven by increasing adoption, institutional interest, and key partnerships, while facing potential ...

Know More

Crypto In April 2025: Key Trends, Shifts, And What Comes Next

In April 2025, the crypto space focused on strengthening core infrastructure, with Ethereum preparing for the Pectra ...

Know More
Read More
Read more
The End Of Humanity? Breaking Down The AI Doomsday Debate
News Report Technology
The End Of Humanity? Breaking Down The AI Doomsday Debate
July 4, 2025
How AI Platforms Are Reshaping Media: Generative Journalism And Ethical Dilemmas
News Report Technology
How AI Platforms Are Reshaping Media: Generative Journalism And Ethical Dilemmas
July 4, 2025
How AI Turns Startups Into Hypergrowth Giants In Months
News Report Technology
How AI Turns Startups Into Hypergrowth Giants In Months
July 4, 2025
Ondo Finance Acquires Oasis Pro, Alternative Trading System, And Transfer Agent
Business News Report Technology
Ondo Finance Acquires Oasis Pro, Alternative Trading System, And Transfer Agent
July 4, 2025