Ant Group wins approval to release AI products to Chinese public

News Snapshot:

People stand at the booth of Ant Group at the China International Fair for Trade in Services (CIFTIS) in Beijing, China September 2, 2023. REUTERS/Florence Lo/File Photo Acquire Licensing Rights SHANGHAI, Nov 6 (Reuters) - Ant Group has received Chinese government approval to release products powered by its "Bailing" artificial intelligence (AI) large language model to the public, a spokesperson for the Chinese firm said on Monday. Unlike other countries, China requires companies to submit security assessments and receive clearance before releasing AI products to the public. The financial affiliate of e-commerce giant Alibaba Group (9988.HK) in September unveiled a...