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Ant Group unveiled a finance industry-focused giant language mannequin (LLM) to energy synthetic intelligence (AI) functions that might analyze markets, evaluate monetary merchandise, and make asset allocation solutions to traders.
Key Takeaways
- Ant Group introduced two giant language fashions for use by the monetary sector.
- The brand new Ant Group AI fashions can be utilized for numerous skilled providers corresponding to wealth administration, market evaluation, and investor schooling.
- Because the AI race heats up, Chinese language authorities try to be supportive, emphasizing tech as an space of competitors with the U.S.
The corporate’s Zhixiaozhu 1.0 and Zhixiaobao 2.0 functions are designed for each the monetary sector and shoppers. Zhixiaozhu 1.0 is a digital enterprise assistant for finance {industry} professionals and Zhixiaobao 2.0 is geared toward serving to with client monetary schooling and choices.
Ant Group stated its monetary LLM has been skilled over a whole lot of billions of token datasets in addition to real-world {industry} use circumstances. The apps can be utilized as instruments for numerous skilled providers, together with wealth administration, market evaluation, and investor schooling. Zhixiaobao 2.0 has a 95% accuracy price in monetary intention recognition, the corporate stated.
With these merchandise, Ant Pay, China’s greatest monetary know-how (fintech) agency, joins an already heated race that features Chinese language tech giants Tencent and Xiaomi, which additionally not too long ago introduced AI fashions. Greater than 130 corporations have launched LLMs just like the sort that energy the favored OpenAI’s generative AI app ChatGPT, in keeping with Tencent. Ant’s affiliate Alibaba additionally has its personal AI mannequin.
A set of interim guidelines that regulate generative AI fashions in China went into impact in August. China’s authorities require corporations to obtain clearance after a safety evaluation earlier than releasing their AI merchandise to the general public.
Nevertheless, as know-how turns into a spotlight of China’s competitors with the U.S., Chinese language authorities are supporting their corporations’ forays into AI. Eleven corporations have acquired approvals for AI merchandise, together with TikTok proprietor ByteDance, as reported by Chinese language media.
Whereas Zhixiaozhu 1.0 is present process further checks, Zhixiaobao 2.0 is able to be deployed and can be obtainable for customers after it receives the go-ahead from related Chinese language authorities, Ant Group stated.
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