Chinese language tech executives – together with these from Alibaba Group Holding and generative synthetic intelligence start-up Zhipu AI – mentioned how giant language fashions (LLMs) can form companies on the annual convention held by Luohan Academy, the open analysis institute initiated by Alibaba.
On the 2024 Luohan Academy Annual Digital Economic system Convention, Zhang Fan, chief working officer of Zhipu AI – one in all China’s “4 synthetic intelligence (AI) tigers” – talked about how the tech unicorn helps firms practice their very own generative AI purposes primarily based on utility programming interfaces (APIs).
Primarily based on the corporate’s Mannequin-as-a-Service platform, firms in varied industries can fine-tune Zhipu AI’s LLM in accordance with their enterprise must create varied purposes. For example, a serious securities vendor in China had used this service to create an “AI mind”, which may perform a number of duties equivalent to serving to clients select one of the best inventory portfolio, and answering questions.
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Zhang added that the corporate’s API service can act as an “various” for OpenAI, which is ready to finish its API entry in China from July 9. The transfer by OpenAI has led to a heated race between Chinese language LLM builders to fill within the void left by the US firm.
Zhipu AI talked about how the tech unicorn helps firms practice their very own generative AI purposes. Picture: Handout alt=Zhipu AI talked about how the tech unicorn helps firms practice their very own generative AI purposes. Picture: Handout>
Zhang is optimistic concerning the potential of the LLM utility market. “There’s a forecast that greater than 80 per cent of firms will probably be utilizing LLMs by 2026, whereas now we have greater expectations than this,” mentioned Zhang. “Right now, irrespective of whether or not enterprises or people, [they] are roughly collaborating in using LLMs.”
The occasion, which is held yearly to foster discussions round social and financial matters, is attaching greater significance to AI than earlier than, as 5 out of the six sub-forums on the convention included the phrase “AI” of their foremost matters – together with “AI and the way forward for socio-economic growth”, “Fintech and AI”, and “AI for Enterprise”.
“The explanation why we emphasise synthetic intelligence a lot is that the wave of AI growth is reshaping the financial panorama and enterprise fashions, making human life extra advanced than ever earlier than,” Chen Lengthy, president of Luohan Academy, mentioned on Thursday.
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The academy, which was based by Alibaba as an open analysis institute in 2018, had skilled “changes in its organisational relationships, workforce composition, and focus” following the e-commerce large’s restructuring, Alibaba mentioned final October.
Nonetheless, a lot of the visitor audio system come from Alibaba-related companies, amongst different tech firm executives and students. Alibaba owns the South China Morning Submit.
Huang Hao, senior vice-president of fintech large Ant Group, highlighted how the corporate’s LLM-based companies can enhance effectivity within the insurance coverage trade.
Particularly, Huang mentioned Ant’s Shengxinpei service – the “AI Insurance coverage Planner” launched by the corporate in 2023 – can help consumers in decision-making by serving to them perceive varied kinds of insurance coverage companies and discover the precise ones.
A woman interacts with an AI robotic on the fourth China Worldwide Shopper Merchandise Expo in Haikou, Hainan Province, April 15, 2024. Picture: Xinhua alt=A woman interacts with an AI robotic on the fourth China Worldwide Shopper Merchandise Expo in Haikou, Hainan Province, April 15, 2024. Picture: Xinhua>
Zhang Kaifu, vice-president of Alibaba Worldwide Digital Commerce Group, the Hangzhou-based firm’s worldwide e-commerce unit, talked concerning the unit’s expertise of utilizing self-developed generative AI instruments to assist small and medium-sized firms increase in abroad e-commerce markets.
“Prior to now 12 months or so, we began to use AI to world commerce … We’re very excited by what we see – there’s plenty of potential for AI to deliver down the boundaries of worldwide commerce and particularly in smaller and medium-sized enterprises, to essentially develop their competitiveness globally,” mentioned Zhang.
This text initially appeared within the South China Morning Submit (SCMP), probably the most authoritative voice reporting on China and Asia for greater than a century. For extra SCMP tales, please discover the SCMP app or go to the SCMP’s Fb and Twitter pages. Copyright © 2024 South China Morning Submit Publishers Ltd. All rights reserved.
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