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

From Ripple to The Big Green DAO: How Cryptocurrency Projects Contribute to Charity

Let's explore initiatives harnessing the potential of digital currencies for charitable causes.

Know More

AlphaFold 3, Med-Gemini, and others: The Way AI Transforms Healthcare in 2024

AI manifests in various ways in healthcare, from uncovering new genetic correlations to empowering robotic surgical systems ...

Know More
Read More
Read more
The Big Players of 2025: Shiba Inu, Polygon, and Ripple Unite
Digest Business Markets Technology
The Big Players of 2025: Shiba Inu, Polygon, and Ripple Unite
February 1, 2025
Uniswap Labs Launches Uniswap v4: The Most Customizable And Cost-Effective Version Of Its Protocol
News Report Technology
Uniswap Labs Launches Uniswap v4: The Most Customizable And Cost-Effective Version Of Its Protocol
January 31, 2025
Cronos EVM And Cronos zkEVM Integrate With LayerZero, Enabling Cross-Chain Bridges To Over 115 Blockchain Networks
News Report Technology
Cronos EVM And Cronos zkEVM Integrate With LayerZero, Enabling Cross-Chain Bridges To Over 115 Blockchain Networks
January 31, 2025
The Case for a U.S. Bitcoin Reserve: Securing Economic Stability in a Multipolar World
Opinion Business Markets Technology
The Case for a U.S. Bitcoin Reserve: Securing Economic Stability in a Multipolar World
January 31, 2025