Ant Group enters the field of financial AI through its Alipay payment platform, which has over 1 billion users globally.
The foray by Ant into financial AI is notable as the company founded by billionaire Jack Ma is China’s biggest fintech firm, with more than 1 billion users worldwide for its Alipay payment app. Ant said its new model had begun closed tests of the two apps on the company’s wealth management and insurance platforms.
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