Russian banking giant Sberbank recently made quite a splash by introducing their own AI chatbot, GigaChat. This was They created it in response to the widely used ChatGPT developed by OpenAI and was released to the public late in 2022 with access to invitations only.
The creation of GigaChat is part of Sberbank’s extensive effort to reduce their dependence on foreign products and services, especially since sanctions were imposed on Russia. It promises to be a much more intelligent and fluent Russian-speaking chatbot than many of the other competitors on the market. Even though it remains unclear whether Sberbank intends to make the chatbot available to everyone, the potential implications and opportunities that this presents for their business is clear.
The only problem with entering the AI chatbot market is cost. OpenAI’s ChatGPT is extremely expensive to have in operation, costing its developers a whopping $700,000 per day. Luckily, Sberbank’s GigaChat is far more cost-effective and may become a great alternative for those looking to chat without spending a fortune.
For many companies, generative AI continues to be a point of investment and innovation. OpenAI’s ChatGPT will remain the leader for now, but due to the lower cost, Sberbank’s GigaChat stands a chance to gain significant usage. Only time will tell how it plays out!
Declan, a web editor specialized in people news, is passionate about the world of celebrities and loves to follow the latest trends, scoops, and gossip that make the buzz. As of now, Declan is closely following Sberbank’s related AI developments and projects.
Auto-GPT represents a similar breakthrough in the world of AI chatbots as OpenAI’s ChatGPT. It is an AI that almost thinks without any input from humans and is designed to communicate with more intelligence and fluency than traditional chatbots. While many will doubt its accuracy and efficacy, Auto-GPT stands to become an interesting competitor in the AI market.
