Ant Group Receives Approval from Chinese Government to Launch AI Products Publicly

Bailing, an AI-powered large language model by Ant Group, is set to transform various service sectors and help with innovation as it gets greenlit for public rollout, marking China's escalated efforts to catch up with the West in the booming field of generative AI.

• Ant Group, a fintech subsidiary of Alibaba Group, has received Chinese government approval to publicly launch AI products, including those powered by Bailing, its generative large language model (LLM).
• The Bailing-AI-powered services are expected to foster innovation across Ant Group's various sectors and aid the development of more innovative products.
• The Chinese government's approval aligns with Alibaba's strategic focus on AI, marked by recently launched AI tools and sector-specific models through its Alibaba Cloud.
• Two applications previously unveiled by Ant, namely Zhixiaobao (a customer service AI) and Zhixiaozhu (AI assistant for finance professionals), were also powered by their financial LLM.
• This move is part of China's ongoing effort to catch up with the West in generative AI technology, as tech giants such as Alibaba and Tencent join the global race to harness the potential of large language models.

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Time Benzinga South China Morning Post