Ant Group reports 30M MAUs for its AI health chatbot Ant Afu, which integrates appointments, test analysis, and insurance payments within Alipay's ecosystem
Ant's health chatbot has become a top downloaded app in China as users seek personalized care they can't get from the overburdened hospitals.
A term sheet shows Ant will sell its remaining 5.84% Paytm stake via block deals that could total ~$433.72M; Ant sold a 4% stake in May and 10.3% in August 2023
Ananta Agarwal / Reuters :
Since DeepSeek-R1's debut, Chinese companies like Baidu, DeepSeek, Tencent, Ant, and Alibaba have been flooding the market with low cost AI services and models
- China firms release 10 major releases or updates in two weeks — Low-cost, open source models may undercut Valley firm profits
Ant President Cyril Han will succeed Eric Jing as CEO on March 1; Jing will remain company chairman and Han, who is also the CFO, will continue reporting to him
Yongchang Chin / Bloomberg :
Ant Group spent a record ~$2.9B on research in 2023, as the Alibaba affiliate develops its BaiLing LLM; Ant and affiliate MYbank served 87M businesses by 2023
Xinyi Luo / Bloomberg :
People's Bank of China lists Ant Group's Alipay as having no controller, as Ant finished removing controlling stakeholders almost a year after Jack Ma's promise
Bloomberg :
People's Bank of China lists Ant Group's Alipay as having no controller, as Ant finished removing controlling stakeholders almost a year after Jack Ma's promise
Bloomberg :
People's Bank of China lists Ant Group's Alipay as having no controller, as Ant finished removing controlling stakeholders almost a year after Jack Ma's promise
The bank now lists Ant's Alipay as a firm without an actual controller. — Ma, co-founder of Alibaba Group Holding Ltd. …
Ant is developing LLM tech for ChatGPT-style services under “Zhen Yi”, a project by a dedicated unit using in-house research; Ant invested ~$2.8B in R&D in 2022
Jack Ma-backed Ant Group Co. is developing large-language model technology that will power ChatGPT-style services …
Ant Group says founder Jack Ma will give up control as the fintech giant nears the completion of its two-year restructuring driven by Chinese regulators
We can't find the page you're looking for. If you typed the URL … Christopher Rugaber / Tech Xplore : China's Ant Group says founder Jack Ma will give up control Igor Bonifacic / Engadget : Jack Ma c...