Technology is an important strategic direction for Ant. — China Daily
BEIJING: Ant Group will step up investments in artificial intelligence (AI) and data elements in the next 10 years, with a key focus on distributed database, blockchain, privacy computing and green computing technologies.
The Chinese financial technology company will also provide AI-powered intelligent services for more enterprises.
He Zhengyu, chief technology officer of Ant Group said the company will strive for technological innovation and invest heavily in AI technology, represented by large language models, while bolstering sharing of data and unleashing the value of massive data resources.
The company recently set up its innovation and technology headquarters in Beijing at a new campus called T-Space, marking a significant move in its expansion into the high-tech sector.
At the T-Space launch, Eric Jing, chairman and chief executive officer of Ant Group, said the company would make full use of Beijing’s advantages in talent and technological innovation, increase investments and usher in a new chapter for Ant.
Ant Group has also established a new subsidiary in Beijing, which offers intelligent customer services, marketing, operation, and technology research and development.
Jing said this is aimed at helping clients improve management efficiency and reduce costs via AI-powered technology.
The new subsidiary is part of Ant’s heightened efforts to promote the commercialisation and industrial application of AI technology, and help enterprises achieve digital and intelligent transformation and upgrade.
The company’s technological research institute, which is also located in Beijing, mainly concentrates on making breakthroughs in core and cutting-edge technologies related to data elements and AI, such as intelligent robots, data storage and high-performance real-time graphic computing technology.
Technology is an important strategic direction for Ant.
For instance, OceanBase, which was launched in 2010, serves as an open-source distributed relational database that Ant developed and uses in managing huge amounts of data collected through its mobile payment app Alipay.
As of the end of June, the company employed more than 3,000 people in Beijing alone. — China Daily/ANN
