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Ant Group launches Financial language model and 2 new apps

By Gloria Mathias

September 12, 2023

  • AI Digital Assistant
  • AI Powered
  • Ant Group
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ANT Group, Financial LLM, Two New Applications, AI Powered, Artificial Intelligence
Ant Group has unveiled its financial large language model (“the financial LLM”) alongside two new applications powered by the financial LLM including Zhixiaobao 2.0, an intelligent financial assistant for consumers, and Zhixiaozhu 1.0, an intelligent business assistant serving financial industry professionals.

Ant Group’s financial LLM is trained on hundreds of billions of token datasets containing Chinese financial documents, in addition to over 1,000 billion tokens from general corpus datasets.

With its technical capability, the financial LLM can power a wide range of professional services, encompassing wealth management such as financial product evaluation, market analysis, and investor education, as well as insurance services such as explaining insurance products, making family insurance plans, and verifying insurance claims.

“To truly bring value to the finance industry, language capabilities, domain knowledge, domain expertise and security capabilities are the prerequisite conditions, which are also key challenges to the development of financial LLMs,” said Wang Xiaohang, Vice President of Ant Group and head of financial LLM. “Based on our extensive experiences from financial service businesses, Ant Group has developed an architecture integrating LLM technologies with domain knowledge and industry services, which has already been tested in Ant Group’s intelligent financial services scenarios.”

Ant Group also open-sourced its AI-powered coding platform CodeFuse for the developer community. The company also made its financial-specific AI task benchmark Fin-Eval available to the public to facilitate industrial innovation of LLM for the financial industry.

With the help of LLM technology, the intelligent financial assistant Zhixiaobao 2.0 can provide high-quality services to consumers, including market analysis, portfolio diagnosis, asset allocation suggestions, and investor education.

Zhixiaozhu 1.0, can be tailored to help various financial professionals such as service representatives, investment advisors and insurance claim specialists, offering comprehensive and intelligent support for tasks such as investment analysis, information extraction, content creation, business opportunity insights, and financial tool utilization.

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