TECH - Alibaba's Fintech Affiliate Ant Group Boosts Global AI Efforts with Multi-Billion Dollar Investment | Benzinga
Alibaba Group Holding Ltd (NYSE:BABA) affiliate Ant Group Co spent $2.9 billion (21.2 billion yuan) on research in 2023 to advance its artificial intelligence ambitions.
The Jack Ma-backed fintech company has been spending heavily on research and development over the past three years.
Ant has been developing technology, including its large language model BaiLing, which won the Chinese government approval in 2023 to showcase products powered by its “Bailing” artificial intelligence (AI) large language model to the public, Bloomberg reports.
The model has been ...