Sberbank, a Russian lender, announced on Monday that it has entered the competition for artificial intelligence chatbots with the launching of GigaChat, a rival to ChatGPT, initially in an invite-only testing mode.

The launch of ChatGPT, a chatbot from Microsoft-backed firm OpenAI, last year has sparked a rush in the technology industry to make AI more accessible to people. The goal is to change the way people work and gain clients as a result.

According to Sberbank, what distinguishes GigaChat from other international neural networks is its capacity to converse more intelligently in Russian.

Since Western countries have cut their exports to Russia and implemented severe sanctions over Moscow’s activities in Ukraine, Russia’s leading bank has made significant investments in technology in an effort to lessen the country’s dependency on imports.

Sberbank of Russia is revolutionizing the chatbot industry with its GigaChat technology. GigaChat is a powerful artificial intelligence (AI) platform that enables customers to interact with Sberbank’s services in a natural, conversational way. This technology is transforming the way customers interact with businesses, providing a more efficient and personalized experience.

GigaChat is powered by a sophisticated AI engine that is capable of understanding natural language and responding to customer queries in real-time. This technology is designed to provide customers with a more intuitive and personalized experience, allowing them to interact with Sberbank’s services in a more natural way.

The GigaChat platform is also designed to be highly secure. It uses advanced encryption technology to ensure that customer data is kept safe and secure. Additionally, GigaChat is designed to be compliant with all applicable data protection regulations.

GigaChat is also designed to be highly scalable. It can be easily integrated with existing systems and can be used to provide customers with a more personalized experience. This technology is also designed to be highly customizable, allowing businesses to tailor the chatbot experience to their specific needs.

Sberbank’s GigaChat technology is revolutionizing the chatbot industry. It is providing customers with a more intuitive and personalized experience, while also ensuring that their data is kept safe and secure. This technology is transforming the way businesses interact with their customers, providing a more efficient and personalized experience.