Fintech giant Ant Group invested a record 21.2 billion yuan ($2.9 billion) in AI research in 2021.
Fintech giant Ant Group, an affiliate of Alibaba, has invested a record 21.2 billion yuan ($2.9 billion) in research last year, primarily focusing on AI technology. The company has been increasing its research and development investment over the past three years, as per its 2023 sustainability report released Thursday. Ant Group has been developing technology like its large language model BaiLing, which received approval from the Chinese government last year to provide services to the public.
June 13, 2024
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