Sberbank’s GigaChat rivals ChatGPT 2023

On Monday, Russian lender Sberbank (SBER.MM) debuted GigaChat, a ChatGPT competitor, in invite-only testing.

Last year’s debut of OpenAI’s ChatGPT chatbot, supported by Microsoft (MSFT.O), sparked a rush to bring AI to more consumers. To change employment and win business.

Sberbank stated GigaChat could speak Russian more intelligently than other international neural networks.

Since Western nations have cut exports to Russia and implemented severe sanctions over Moscow’s activities in Ukraine, Russia’s biggest bank has invested considerably in technology to minimize the country’s import dependence.

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