Ant Group has announced the initiation of testing for its finance-focused artificial intelligence (AI) model at the Inclusion Conference on the Bund in Shanghai.
According to a press release from the company, closed testing of applications on its wealth management and insurance platforms is already underway. The applications, named Zhixiaozhu 1.0 and Zhixiaozhu 2.0, serve different purposes: Zhixiaozhu 1.0 is tailored for finance professionals, handling investment analysis and information extraction, while Zhixiaozhu 2.0 aims to provide consumers with financial advice aligned with market analysis and reasoning typically found in professional evaluations. Zhixiaozhu 2.0 will be accessible to users once regulatory approval is granted, while Zhixiaozhu 1.0 will continue through additional testing phases.
Additionally, the company has announced plans to open-source its AI-driven coding platform CodeFuse for developers, along with making the financial AI task benchmark, Fin-Eval, publicly available.
In recent months, China has implemented stricter regulations within the AI sector, introducing an AI licensing system to balance the promotion of technological advancement with content oversight. This move coincides with a surge of AI technology releases, particularly in the generative AI space, as major players like Baidu Inc. and Tencent strive to establish dominance in the country’s evolving AI landscape.