Sberbank (SBER.MM), a Russian lender, announced on Monday that it has unveiled GigaChat, a ChatGPT rival, in invite-only testing.
Last year’s debut of ChatGPT, a chatbot from Microsoft-backed (MSFT.O) firm OpenAI, sparked a rush to bring AI to more consumers. Redesigning work and winning business are the goals.
GigaChat can speak more intelligently in Russian than other international neural networks, according to Sberbank.
Russia’s largest bank has invested extensively in technology in recent years to lessen the country’s reliance on imports, a move that has become crucial as Western nations have cut exports to Russia and imposed punishing sanctions over Moscow’s activities in Ukraine.