Ant Group has obtained approval from the Chinese government to launch products utilizing its “Bailing” artificial intelligence (AI) large language model for the general public, as confirmed by a spokesperson from the Chinese company on Monday.
In contrast to many other countries, China mandates that companies undergo security assessments and obtain official clearance before introducing AI products to the public.
Ant Group, the financial affiliate of the e-commerce powerhouse Alibaba Group introduced a finance-focused AI model in September and initiated trials for consumer and professional applications of these products.
(Reporting by Brenda Goh; Edited by Christian Schmollinger)