Amid heightened geopolitical tensions with the West,
The news: Russian bank
- For now, the Russian answer to is still in the testing phase and can be accessed by invitation only.
The details: what sets GigaChat apart from OpenAI's generative AI - and all other chatbots - is its ability to communicate at a high level in Russian, according to the Russian banking major.
Sberbank isRussia's largest bank, both financially and historically.- The bank manages "almost one-third of all bank assets in
Russia ," , an expert on economic sanctions at theUniversity of Birmingham . - Although
Sberbank was privatized in 1991, its main shareholder is theCentral Bank of theRussian Federation . So the bank is quite close to political power in the Kremlin.
Gigachat is mostly a symbolic announcement
Unfortunately, extremely little is currently known about GigaChat and its AI capabilities.
- But by announcing such a project, the country's largest banking institution shows that
Russia is capable of great things technologically, and thatMoscow can function without outside help. In addition, it is an opportunity forRussia to raise its international profile, now that all eyes are on artificial intelligence. - In doing so,
Russia is following the example of one of its allies, , which is also working hard on its own chatbot.
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