Alibaba Group subsidiary Ant Group receives Chinese government approval to release AI products to the public – Crypto News – Crypto News
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Alibaba Group subsidiary Ant Group receives Chinese government approval to release AI products to the public Alibaba Group subsidiary Ant Group receives Chinese government approval to release AI products to the public

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Alibaba Group subsidiary Ant Group receives Chinese government approval to release AI products to the public – Crypto News

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Ant Group has received Chinese government approval to release products powered by its “Bailing” artificial intelligence (AI) large language model to the public, a spokesperson for the Chinese firm said on Monday.

Also read: Alibaba exits India after selling entire stake of 3.4% equity in Paytm: Report

Unlike other countries, China requires companies to submit security assessments and receive clearance before releasing AI products to the public.

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Also read: AI will put an end to ‘work’, Elon Musk tells Rishi Sunak

The financial affiliate of e-commerce giant Alibaba Group in September unveiled a finance-specific AI model and started testing consumer and professional apps for the products.

Also read: Global declarations about AI regulation may need a hubris check

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This story has been published from a wire agency feed without modifications to the text. Only the headline has been changed.

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Updated: 06 Nov 2023, 12:18 PM IST

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