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China's Ant Group unveils finance AI model as race heats up

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HONG KONG : Ant Group unveiled a finance-specific artificial intelligence (AI) model on Friday and started testing consumer and professional apps for the product, joining a crowded race to deploy AI in heavily regulated China.The foray by Ant into financial AI is notable as the company founded by billiona

HONG KONG : Ant Group unveiled a finance-specific artificial intelligence model on Friday and started testing consumer and professional apps for the product, joining a crowded race to deploy AI in heavily regulated China.

Ant follows AI announcements by tech giants Tencent and Xiaomi on Thursday and Ant's affiliate Alibaba in April. By July in China, more than 130 companies had introduced"large language models", the type that powers OpenAI's seminal ChatGPT generative AI app, according to Tencent. The Zhixiaobao 2.0 app, designed to give consumers financial tips, can match the average financial professional in market analysis and reasoning capability, Ant said. It will be available once it receives regulatory approval.

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