Ant Group Boosts Financial AI and Embraces Web3 Expansion

Ant Group Boosts Financial AI and Embraces Web3 Expansion

Ant Group, a leading Chinese fintech company, has made significant moves to expand its presence in the financial sector. It has unveiled its own large language model (LLM), a technology used in training chatbots like ChatGPT, and introduced a new Web3 brand targeting Hong Kong and overseas markets.

Ant’s financial LLM has already shown superior performance in financial scenarios compared to mainstream LLMs. This development highlights the intensified competition among China’s Big Tech firms to bridge the gap with the West in generative artificial intelligence (AI).

The company’s adoption of LLMs signifies its commitment to enhancing its capabilities in AI for the financial services industry. Additionally, by launching the Web3 brand called ZAN, Ant aims to leverage blockchain and similar technologies to provide comprehensive blockchain application development services for institutional and individual developers.

Ant’s strategic focus on LLMs and Web3 technologies demonstrates its dedication to staying at the forefront of AI and blockchain innovation in the financial sector.

Read more: South China Morning Post

Ant Group Accelerates Financial AI Race with Unveiling of New Model. Image/ Reuters

Leave a Reply

Your email address will not be published. Required fields are marked *

©2023ThinkTankInsight. All Rights Reserved.