Chinese fintech giant Ant Group unveils own AI large language model, along with new Web3 brand, in push to expand presence in financial sectorAnt Group has started transforming its entire fintech business on the back of the firm’s own artificial intelligence large language model. The Hangzhou-based company on Friday unveiled its self-developed "financial LLM" at the "Inclusion Conference on the Bund" event in Shanghai, along with two applications powered by the group's AI model. Ant's financial LLM was used to upgrade Zhixiaobao, the firm's consumer-facing "intelligent financial assistant" for wealth management and insurance, to help users in various scenarios including generating asset-management plans. The new AI model of Ant, an affiliate of South China Morning Post owner Alibaba Group Holding, has already outperformed "mainstream general-purpose LLMs" in terms of financial scenarios, according to Wang. In the same Shanghai conference, Ant also launched a new Web3 brand called ZAN, targeting Hong Kong and other overseas markets.

Source: Bangkok Post September 10, 2023 12:04 UTC