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Ant Group gets green light from Beijing to release new AI products, built on its own large language model, to the public
- The Chinese fintech giant said it will roll out multiple AI products, built on its foundational Bailing large language model, for public use
- Bailing will also be used across Ant’s various operations, which is expected to help the firm develop more innovative AI products
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Ben Jiangin Beijing
Ant Group has won Beijing’s approval to release to the public products built on its own large language model (LLM) – the technology used to train chatbots like ChatGPT – as the Chinese financial technology giant uses generative artificial intelligence to broaden its presence in the financial services industry.
Hangzhou-based Ant, the fintech affiliate of Alibaba Group Holding, said it will roll out multiple products built on its foundational Bailing LLM for public use, according to a company statement on Monday. Alibaba owns the South China Morning Post.
Bailing will also be used across Ant’s various operations, which is expected to help the firm develop more innovative products, according to Ant vice-president Xu Peng, who is in charge of Bailing.
“Ant’s LLM … aims to create value in the industry,” Xu said. He said the company expects to release more AI applications to the public based on its development of innovative products across vertical industries. No release dates were provided.
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LLMs are deep-learning algorithms that can recognise, summarise, translate, predict and generate content using very large data sets.
Ant’s foray into the LLM arena underscores the increased competition among China’s Big Tech companies to help the country close the gap with the West in developing innovative ChatGPT-like services, as the government sets out to implement a national standard for LLMs in line with efforts to regulate AI.
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