Technology companies in Shanghai are developing more practical and helpful confidential generative artificial intelligence applications for industries such as finance, transportation and e-commerce.
According to industry insiders, these applications will shift AI from mere “chatbots” for fun to tools for improving productivity, generating knowledge graphs and better managing data analysis. .
STAR-listed Transwarp, which provides enterprise-level big data infrastructure, on Friday launched its own large-scale language model with integrated database management tools. These match the demands of sensitive industries including finance and big data analytics.
“In the future, data processing will be intelligent, multi-modeled and pervasive. Ordinary people no longer need to wield complex tools to quickly process data,” said Transwarp CEO. , Sun Yuanhao said today in Shanghai.
Zhu Shen Shen / SHINE
Transwarp CEO Sun Yuanhao discusses AI development at Shanghai’s FDTC.
As a technology supplier to Shanghai Data Exchange, Transwarp already provides services in the areas of finance, transportation and digital governance. We have established an ecosystem covering 600 industry partners, including big names such as Intel and Huawei.
Yu Zhonghai, chief IT analyst at China International Capital Corporation (CICC), said generative AI technologies, including ChatGPT, will facilitate sensitive AI applications in various industries, similar to today’s cloud computing developments.
There are general AI services for the general public like ChatGPT, but soon there will be more industry-specific AI models to directly improve operational efficiency, such as today’s public cloud and certain private clouds, he said. Yu said at the 2016 Future Data Technology Conference (FDTC). Shanghai today.
China’s generative AI market is expected to reach nearly RMB 600 billion (US$85 billion) in revenue by 2025, with an annual growth rate of more than 30%. Analysts say this creates a huge market potential.
New York-listed FinVolution, a loan and online financial services provider, recently adopted a large-scale language model for its workflow.
Generative AI technology covers robotic voice and text analysis in customer service to improve accuracy and comprehension capabilities to shape a better user experience. Generative AI is also used for automatic code generation and visual material design, which greatly improves productivity, FinVOLution said.
Headquartered in Pudong New Area, the company has provided financing services to 28 million customers to date. In the first quarter, the global loan volume reached 43.4 billion yuan, an increase of 9.3% over the same period last year.
Finvolution CFO Xu Jiayuan said it spent 130 million yuan on research in the same quarter, covering technologies such as generative AI, which it said would bring “new growth engines” in the future. rice field.
Hong Kong-listed Weimob, which provides digital services for online stores on WeChat, will “soon” launch its own generative AI, Shanghai Daily reports.
At a recent information consumption event, Wimob pledged to support services worth 120 million yuan, covering 3,000 companies, including many small and medium enterprises. Some services also cover well-controlled livestreams and AI-powered digital avatars.
