Singapore-headquartered Ant International said it has developed an AI model that predicts currency exchange rates on an hourly basis for both inbound and outbound transactions, which would help businesses reduce transaction costs and better allocate resources, the company said in a statement on Thursday. “Integration of AI into the processing of cross-border transactions is of … Read more
Alipay, China’s leading mobile payment service operated by Ant Group, reported a surge in outbound and inbound tourism transactions during the mainland’s “golden week” National Day holiday, as consumer confidence appears to rebound following Beijing’s large-scale stimulus measures introduced ahead of that annual break. During the first four days of the holiday, which began last … Read more
Ant Group, the fintech affiliate of Alibaba Group Holding, will kick off a new round of dividend payments to all eligible shareholders and employees who hold equity incentives, according to reports this week by several state-owned Chinese media. The company’s new dividend distribution plan, which was approved during a recently convened shareholders meeting, was “formulated … Read more
The fictional Jarvis – an acronym that stands for “Just a Rather Very Intelligent System” – is a sophisticated AI assistant that made its debut in the 2008 film Iron Man, in which it manages and operates the internal systems of Stark’s laboratory, home and superhero armours. Ant Group, the fintech affiliate of Alibaba Group … Read more
Chinese fintech giant Ant Group, the operator of one of China’s largest payment services, Alipay, has launched a stand-alone artificial intelligence (AI) app that works as a virtual assistant in its latest effort to turn large language models (LLM) into consumer services. Ant launched its chatbot app Zhixiaobao on Thursday, with a name meant to … Read more
Artificial intelligence (AI) adoption is primarily benefiting users in three areas – social and entertainment, education, and office collaboration – according to a new report, highlighting where the country’s technology giants may see the biggest gains as they race to integrate generative AI (GenAI) into nearly every part of their businesses. In their eagerness to … Read more
