Ant Group, the fintech arm of Alibaba, has received approval from the Chinese government to launch products based on its Bailing AI model, a large language model that can generate natural language and images.
Ant Group, the fintech affiliate of Alibaba, has announced that it has received approval from the Chinese government to launch products based on its Bailing AI model. This large language model can generate natural language and images, according to a Reuters report.
This move signifies Alibaba’s continuous focus on expanding its AI portfolio and capitalizing on the growing potential of generative artificial intelligence (AI) products.
Ant Group’s Bailing LLM
Bailing AI model is a large language model that can generate natural language and images based on textual inputs. It can also answer questions, summarize texts, and perform other natural language processing tasks.
The AI model is similar to other generative AI models, such as OpenAI’s GPT-3 and Google’s ChatGPT, but it is tailored for the Chinese language and market.
Ant Group plans to use Bailing AI model to power various applications, such as chatbots, content creation, and financial services.
For example, Bailing AI model can help users create personalized travel plans, generate virtual companions, and provide financial advice. It can also generate images from textual descriptions, such as logos, cartoons, and landscapes.
Alibaba’s AI Push
Alibaba has been at the forefront of AI innovation, and now its affiliate company, Ant Group, is poised to leverage the power of Bailing AI model for various applications.
However, it is important to note that in China, regulatory approval is mandatory for companies to release AI products to the public. This approval process includes rigorous security assessments to ensure data protection and compliance.
Alibaba has been investing heavily in AI research and development and has launched several AI products recently.
In August, Alibaba launched two open-source AI models, Qwen-VL and Qwen-VL-Chat, which can generate captions for images and engage in complex conversations, respectively.
In September, Ant Group unveiled its financial large language model (LLM) at the INCLUSION 2023 conference, demonstrating its commitment to advancing AI applications.
Alongside Bailing AI model, Ant Group has unveiled AI programs like Zhixiaobao 2.0, an AI financial assistant for consumers, and Zhixiaobao 1.0, an AI business assistant for industry professionals.
In addition, the company opened up its AI model, Tongyi Qianwen, to the public after receiving regulatory approval.
Alibaba has also entered into cooperation agreements with prominent companies, such as Oppo, Taobao, and DingTalk, who will use Tongyi Qianwen to train their own AI models.
Ant Group’s upcoming products powered by the Bailing AI model are expected to further push the boundaries of artificial intelligence and offer innovative solutions to both consumers and industry professionals.
This strategic move aims to bolster Alibaba’s market share in the AI industry, solidifying its position as a global leader in AI innovation.
As the AI landscape continues to evolve rapidly, Alibaba and its affiliate Ant Group are taking assertive steps to ensure they remain at the forefront of AI development, offering cutting-edge technology and enhanced user experience.
