- tech360.tv
Ant Group Granted Approval to Launch AI Products to Chinese Public
Ant Group, the financial affiliate of Alibaba Group, has received approval from the Chinese government to release its "Bailing" artificial intelligence (AI) large language model to the public.
Unlike other countries, China requires companies to undergo security assessments and obtain clearance before launching AI products to the public. Ant Group unveiled a finance-specific AI model in September and has been testing consumer and professional apps for these products.
This approval marks a significant milestone for Ant Group, as it allows them to bring their AI products to the Chinese market. The "Bailing" AI model has the potential to revolutionise various industries, including finance, by providing advanced language processing capabilities.
According to a spokesperson for Ant Group, the company is committed to ensuring the security and reliability of its AI products. They stated, "We have undergone rigorous security assessments and obtained the necessary clearance from the Chinese government. We are confident in the capabilities of our AI model and its potential to enhance various sectors."
China's strict regulations on AI product releases aim to protect national security and prevent potential risks associated with the technology. By requiring companies to undergo security assessments, the government ensures that AI products meet the necessary standards and do not pose any threats.
Ant Group's success in obtaining approval reflects their dedication to complying with regulatory requirements and their commitment to innovation. The company has been at the forefront of technological advancements in the financial industry and the release of their AI products will further solidify their position as a leader in the field.
With the approval in place, Ant Group can now move forward with the launch of their AI products to the Chinese public. This development is expected to have a significant impact on various sectors, including finance, where the advanced language processing capabilities of the "Bailing" AI model can streamline operations and improve efficiency.
In conclusion, Ant Group's approval to release AI products to the Chinese public is a significant achievement for the company. It demonstrates their commitment to innovation and compliance with regulatory requirements. The launch of their AI products has the potential to revolutionise industries and enhance various sectors in China.
Ant Group has received approval from the Chinese government to release its "Bailing" AI large language model to the public.
China requires companies to undergo security assessments and obtain clearance before launching AI products.
Ant Group's AI products have the potential to revolutionise industries, including finance.
Source: REUTERS