Ant Unveils AI Language Model for Wealth Management, Insurance

  • Firm uses ChatGPT-like tech to power two financial apps
  • Joins race against Baidu, Tencent for artificial intelligence

Attendees at the Ant Group booth at the World Artificial Intelligence Conference in Shanghai in July.

Photographer: Qilai Shen/Bloomberg
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Ant Group Co. unveiled an artificial intelligence tool to use for wealth management and insurance services, joining the race for next-generation AI.

The Jack Ma-backed fintech company will use its financial large language model to power two applications known as Zhixiaobao, which answers questions for customers, and Zhixiaozhu, an assistant for financial professionals, it said at the Inclusion Conference on the Bund in Shanghai.