Chinese fintech giant Ant Group sets up AI unit led by former Google researcher

Sarah Wolter

January 25, 2024

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Sarah Wolter

ai
china

Ant's increased AI efforts come at a time when most major Chinese tech companies are investing in large language models (LLMs) - the technology that underpins ChatGPT and similar AI chatbots - and exploring ways to boost growth through innovations in the area.

The People's Bank of China and the government of Zhejiang province were preparing to grant Qiantang Credit Rating, an Ant-affiliated agency, a "personal credit information collection licence", a necessary permit for Ant to grow its credit business, central bank governor Pan Gongsheng said on Wednesday.

https://finance.yahoo.com/news/chinese-fintech-giant-ant-group-093000869.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAB712uAD5RZm6QXxi5VEayF-j3hgozPV997aikO1i-crbriWHcgZjjd6kK6J5eWQ6pK0Zbfp_tRGRyl1ZI0MM5dNgQtQPh9CcLAc6tZkNmSYnIsPDw7hqE1rDMt6wLYcl7aMVK2cfJoB6BOf_ixMgDBiRbShgyW6J3LHw0aLv7c2