The financial technology group, Ant Group, has unveiled an AI model for generating financial content called Financial LLM. This innovative model comes in the form of two financial assistant applications: Zhixiaobao 2.0 for individual customers and Zhixiaozhu 1.0 for institutional customers.
Zhixiaobao 2.0 aims to assist with investment portfolio recommendations, asset allocation, and provide financial knowledge to individuals. On the other hand, Zhixiaozhu 1.0 serves as an investment advisor, offering investment analysis, evaluating investment opportunities, and generating analytical content.
Ant Group emphasizes that the GenAI’s role in the financial industry is to enhance understanding of the necessary information, analyze investment insights, ensure compliance with regulations, and comprehend individuals’ financial objectives. Additionally, it aims to establish connections between various events and their impacts.
Wang Xiaohang, the Vice Chairman of Ant Group, explains that adapting LLM for the financial sector is challenging. Hence, it was crucial to develop a specific model for financial purposes due to the unique knowledge framework and regulatory limitations.
TLDR: Ant Group launches Financial LLM, an AI model for generating financial content. It consists of two financial assistant applications, Zhixiaobao 2.0 and Zhixiaozhu 1.0, catering to individual and institutional customers, respectively. These applications offer investment recommendations, analysis, and personalized financial insights. Adapted specifically for the financial sector, this AI model enhances understanding, compliance, and the connection between financial events and their impacts.