Russian banking giant Sberbank has unveiled a new AI-powered chatbot called GigaChat that aims to compete with Microsoft-backed OpenAI’s ChatGPT. GigaChat is still in the invite-only testing phase, but has big plans for the future of the artificial intelligence chatbot business.
In 2022, OpenAI will release ChatGPT, starting a race among tech companies to develop more user-friendly artificial intelligence products. Sberbank’s foray into this sector coincides with the trend of Russian industry to increase its use of domestic technology and reduce its reliance on imports.
Sberbank claims that GigaChat’s superior ability to speak Russian sets it apart from other neural networks developed outside of Russia. This is especially important in a country like Russia, where a significant minority speaks the native language.
Sberbank’s venture into AI technology is part of a larger push by the bank to reduce its reliance on Russian imports, as Western countries impose sanctions on Russia for its activities in Ukraine. The bank has invested heavily in technology in recent years and hopes GigaChat can foster innovation and transform the way it does business in Russia.
The world’s most powerful nations have recognized the potential of AI and are deploying their own state-of-the-art AI systems. For example, in China, there are two main competing AI chatbots of his. Ernie from Baidu and Tongyi Qianwen from Alibaba. These Chinese artificial intelligence tools will be able to speak in various local Chinese dialects, like the Russian version of ChatGPT.
The market is heating up as the world’s top tech companies compete to create cutting-edge AI technology. Companies are always looking for innovative approaches to improve their market position. GigaChat’s innovative features could become a technological game-changer in the AI chatbot industry and strengthen Russia’s position as a global tech powerhouse.
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