The future is now with new program.
In what was once solely the domain of science fiction, Ant Group – the fintech division of Chinese conglomerate Alibaba – has developed new technology for language models and apps that can actually give financial advice. Unlike Google and recent leaks about their upcoming products, this new tech has been effectively shrouded in tight security from its inception.
According to its creators, the artificial-intelligence algorithm will analyze financial reports, forecasts, market trends, etc, then provide a detailed summation of its findings to potential investors. The program is, so far, specifically related to financial predictions as it is difficult for universal systems to recognize industry terminology and thus lack profile understanding.
The model is currently in the test phase, but Ant Group predict that it will soon be integrated into their domestic financial digital platform. Testing has been underway since late last year, wherein it has already successfully analyzed hundreds of billions of finance-related documents, around 1 trillion shared texts, and approximately 600,000 instructions across 300 tasks.
One of the apps, Zhixiaobao 2.0 Financial Assistant, is already fully operational and has been performing with an impressive 95% accuracy ratio. There’s no doubt that this technology will be highly advantageous to those seeking better financial portfolios, especially in the current cost-of-living economic climate.
Having been tested for the last six months and seemingly passed with flying colors, it is now being scrutinized for regulatory approval by the relevant Chinese authorities.
