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“Sberbank’s GigaChat: The Revolutionary New Chatbot Shaking Up the Industry”

by Tech Desk
1 minutes read
“Sberbank’s GigaChat: The Revolutionary New Chatbot Shaking Up the Industry”

Russia’s Sberbank Launches GigaChat Code

Artificial Intelligence (AI) chatbots have taken the tech industry by storm, with even banks getting in on the game. Russia’s largest bank, Sberbank, announced on Monday that it had launched its own AI chatbot technology called GigaChat, rivaling the popular ChatGPT created last year by OpenAI, a startup backed by Microsoft. Sberbank is offering the technology in an invite-only trial mode.

The AI Chatbot Race Heats Up

Sberbank’s move to enter the AI chatbot race is indicative of the growing trend to put more AI in the hands of users. The aim is to reform the way people work and allow businesses to win greater market shares, while making technological advancements.

The introduction of ChatGPT signaled a sprint in the tech industry to create chatbots that are smarter and more advanced than what’s currently available. The release of Sberbank’s GigaChat shows that it is a competition that’s far from ending.

GigaChat vs. ChatGPT: What’s Different?

Sberbank announced that what sets its new technology apart is its ability to communicate more intelligently in Russian than other foreign neural networks. The bank has invested heavily in technology in recent years, aiming to reduce the country’s dependence on imports. This need became more critical after Western nations imposed sanctions on Russia, a result of Moscow’s actions in Ukraine.

Final Thoughts

The launch of Sberbank’s GigaChat is another example of how banks are embracing AI technology to offer better customer service and streamline their processes. While GigaChat may be a fraction late in entering the market, the bank’s emphasis on Russian language capabilities could appeal to many consumers.

As per information from the sourcethe war between AI chatbots is far from over, and the market is going to see more and more technology enter the fray. The only question is, which one consumers will prefer?

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