Sberbank, Russia's foremost banking institution, is now challenging ChatGPT with the launch of its GigaChat platform.

As AI chatbot technology becomes increasingly popular, Sberbank is positioning itself as a serious contender in this market with GigaChat, especially since ChatGPT is unavailable in Russia. Although it's being tested in a limited access phase, GigaChat has the potential to challenge established players.

According to  Reuters GigaChat distinguishes itself from foreign AI platforms by offering enhanced communication skills specifically tailored to the nuances of the Russian language.

AI-driven chatbots like ChatGPT have transformed the way people and businesses interact with digital tools, enabling them to tackle a wide variety of tasks ranging from simple inquiries to complexity-driven content creation and image analysis.

The remarkable advancements in AI technology have caught the attention of major global players, many of whom have developed their own AI chatbot solutions. China has also made strides in this direction with Baidu's offerings. Ernie chatbot , SenseTime’s SenseNova , and Alibaba’s Tongyi Qianwen . Like Russia’s GigaChat, these Chinese chatbots These chatbots have the capability to converse in various local dialects within those countries.

Sberbank has heavily invested in technology to reduce reliance on foreign imports in recent years, a strategy that has gained importance with the West's curtailing of exports to Russia and the imposition of sanctions due to the ongoing situation in Ukraine.

At present, not much is publicly known about GigaChat.

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