Fri Sep 06 03:17:18 UTC 2024: – Ant Group, backed by Alibaba, has launched a “life assistant” mobile app powered by AI called Zhixiaobao.
– The app offers services like ordering meals, booking tickets, and more, and integrates with Alipay.
– Ant Group has been forced to overhaul its business model after its IPO was scrapped by Chinese authorities in 2020.
– The company saw profits fall 10% in the January-March quarter and its valuation has dropped more than 70% since the aborted IPO.
– The Chinese government approved Ant to offer products using the BaiLing foundation model, and the company announced AI-powered products for different industries at a Shanghai event.

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