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

Institutional Appetite Grows Toward Bitcoin ETFs Amid Volatility

Disclosures through 13F filings reveal notable institutional investors dabbling in Bitcoin ETFs, underscoring a growing acceptance of ...

Know More

Sentencing Day Arrives: CZ’s Fate Hangs in Balance as US Court Considers DOJ’s Plea

Changpeng Zhao is poised to face sentencing in a U.S. court in Seattle today.

Know More
Join Our Innovative Tech Community
Read More
Read more
Injective Joins Forces With AltLayer To Bring Restaking Security To inEVM
Business News Report Technology
Injective Joins Forces With AltLayer To Bring Restaking Security To inEVM
May 3, 2024
Masa Teams Up With Teller To Introduce MASA Lending Pool, Enables USDC Borrowing On Base
Markets News Report Technology
Masa Teams Up With Teller To Introduce MASA Lending Pool, Enables USDC Borrowing On Base
May 3, 2024
Velodrome Launches Superchain Beta Version In Coming Weeks And Expands Across OP Stack Layer 2 Blockchains
Markets News Report Technology
Velodrome Launches Superchain Beta Version In Coming Weeks And Expands Across OP Stack Layer 2 Blockchains
May 3, 2024
CARV Announces Partnership With Aethir To Decentralize Its Data Layer And Distribute Rewards
Business News Report Technology
CARV Announces Partnership With Aethir To Decentralize Its Data Layer And Distribute Rewards
May 3, 2024