Ant Group, a leading Chinese fintech company, has received the green light from Beijing to launch its proprietary large language model (LLM) products to the public. This is a major milestone for Ant Group as it uses the latest AI technology to improve the quality of its financial products and access more target market segments. The company plans to introduce a range of products powered by its Bailing LLM, which is designed to generate and analyze text, translate languages, and provide intelligent insights.

• Ant Group has received Beijing's approval to release products built on its own large language model (LLM) to the public.
• The company will roll out multiple products built on its foundational Bailing LLM for public use.
• Ant's LLM will also be used across Ant's various operations to develop more innovative products.

Ant Group, the fintech affiliate of Alibaba Group Holding, has won Beijing's approval to release products built on its own large language model (LLM) to the public. The company will roll out multiple products built on its foundational Bailing LLM for public use, according to a company statement on Monday.
Ant's LLM will also be used across Ant's various operations, which is expected to help the firm develop more innovative products. "Ant's LLM … aims to create value in the industry," said Ant vice-president Xu Peng, who is in charge of Bailing. He said the company expects to release more AI applications to the public based on its development of innovative products across vertical industries.

Ant's foray into the LLM arena underscores the increased competition among China's Big Tech companies to help the country close the gap with the West in developing innovative ChatGPT-like services. Baidu, Huawei Technologies, Tencent Holdings, and Alibaba have earlier released their respective LLMs for adoption in various industries.