Ant Group confirms AI language model reports.

Ant Group, an affiliate company of Alibaba, is developing its own large-language model (LLM) named Zhenyi to compete in the AI market. Chinese publications have reported on Zhenyi, and Ant Group has confirmed the existence of the LLM. However, the company has not provided any further details about its work with Zhenyi or AI in general. Many tech giants and industry behemoths are striving to enter the AI race, and various Chinese companies have launched over 75 LLMs in the past three years. Ant Group has joined these companies in competing for a share of the AI market.

Ant Group’s Zhenyi Part of a Join Growing List of AI Endeavors

Ant Group’s confirmation of Zhenyi is just one of many AI endeavors undertaken by large companies globally. In April, Alibaba invited several top clients to test Tongyi Qianwen, a new AI application that can rival OpenAI’s ChatGPT. During Alibaba’s Cloud Summit, the company officially revealed Tongyi Qianwen and advertised its functionality. The chatbot will be available on a few platforms before its public release, and Alibaba plans to integrate it into all its products eventually. Meanwhile, Stable AI launched StableLM, a suite of open-source LLMs that can generate text and code, similar to OpenAI’s GPT-4.

On Tuesday, video hosting and sharing platform Vimeo introduced new AI features to simplify the video creation process, including a script generator, teleprompter, and a text-based video editing feature. Vimeo’s script generator uses natural language processing (NLP) to create engaging scripts that match the user’s voice and general tone.

Regulatory Response to AI

As AI becomes more popular, countries around the world are creating laws to regulate the technology’s use. The European Union (EU) is taking the lead on AI regulation by passing the EU AI Act to supervise the development and application of artificial intelligence in the region. The Act requires companies to properly label AI-generated content, publish summaries of all data used to train AI, and prohibits any AI products that can be used to predict criminal or voter behavior.

Lawmakers in the US are also looking to regulate AI. Republican and Democrat senators are proposing the National AI Commission Act, which would establish an AI oversight commission to protect users from the possible dangers of unregulated AI applications.

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