Alibaba has developed an artificial intelligence that gives financial advice

Ant Group, the fintech arm of Alibaba, has unveiled a large language model and related apps that can provide financial guidance to professionals and novices alike.

Here's What We Know

According to the developers, the model is designed to evaluate financial products, analyse markets and educate investors.

Its distinctive feature is a narrow specialisation in the financial sphere. The developers noted that it is difficult for universal systems to understand industry terms and lack profile knowledge.

Now the model is being tested in Ant Group's capital management and insurance applications. It is later planned to be integrated into the company's digital finance platform in China.

Training of the model began at the end of 2022. It has analysed hundreds of billions of financial documents, 1 trillion shared texts and 600,000 instructions from 300 cases.

One related app is the Zhixiaobao 2.0 financial assistant. According to the developers, it can analyse the market, diagnose portfolios and educate investors with 95% accuracy.

The app is now awaiting regulatory approval. It has been tested for six months.

Source: The Register