Ant Group to Increase Capital Expenditure on Artificial Intelligence
Posted: Sat Jan 18, 2025 6:56 am
In the next 10 years, Ant Group will increase investment in artificial intelligence and data elements, focusing on distributed databases, blockchain, privacy computing and green computing technologies, and provide AI-powered intelligent services to more enterprises, the Chinese financial technology company said in a statement.
He Zhengyu, chief technology officer of Ant Group, said the company will strive for technological innovation and invest heavily in artificial intelligence technologies represented by large language models, while expanding data sharing and unlocking the value of massive information resources.
The company recently opened its innovation and technology headquarters in Beijing in a new campus called T-Space, marking a major step in its expansion into the high-tech sector.
At the opening ceremony of T-Space, Eric Jing, chairman and CEO of Ant Group, said the company will make full use of Beijing's advantages in talent and technological innovation, increase investment, and open a new chapter in Ant's development.
Ant Group also set up a new subsidiary in Beijing that offers intelligent customer service, marketing, operations, and technology research and development for enterprise clients.
The goal of this activity is to help clients improve management belarus email address efficiency and reduce costs using artificial intelligence-based technologies.
Read more CHINA NEWS There is no 'generation gap' between China and developed countries in developing the most advanced quantum chips
The establishment of the new branch is part of Ant's stepped-up efforts to commercialize and industrialize artificial intelligence technologies and help enterprises achieve digital and intelligent transformation and upgrading.
The company's technology research institute, also located in Beijing, mainly focuses on making breakthroughs in core and cutting-edge technologies related to data elements and AI, such as intelligent robots, data storage, and high-performance real-time graphics computing technologies.
He Zhengyu, chief technology officer of Ant Group, said the company will strive for technological innovation and invest heavily in artificial intelligence technologies represented by large language models, while expanding data sharing and unlocking the value of massive information resources.
The company recently opened its innovation and technology headquarters in Beijing in a new campus called T-Space, marking a major step in its expansion into the high-tech sector.
At the opening ceremony of T-Space, Eric Jing, chairman and CEO of Ant Group, said the company will make full use of Beijing's advantages in talent and technological innovation, increase investment, and open a new chapter in Ant's development.
Ant Group also set up a new subsidiary in Beijing that offers intelligent customer service, marketing, operations, and technology research and development for enterprise clients.
The goal of this activity is to help clients improve management belarus email address efficiency and reduce costs using artificial intelligence-based technologies.
Read more CHINA NEWS There is no 'generation gap' between China and developed countries in developing the most advanced quantum chips
The establishment of the new branch is part of Ant's stepped-up efforts to commercialize and industrialize artificial intelligence technologies and help enterprises achieve digital and intelligent transformation and upgrading.
The company's technology research institute, also located in Beijing, mainly focuses on making breakthroughs in core and cutting-edge technologies related to data elements and AI, such as intelligent robots, data storage, and high-performance real-time graphics computing technologies.