| | OCTOBER 20238ANT GROUP SECURES NOD TO RELEASE AI PRODUCTS TO CHINESE PUBLICAs per the Chinese corporate spokeswoman, Ant Group has acquired Chinese government clearance to deliver goods powered by its "Bailing" artificial intelligence (AI) broad language model to the public. China, unlike other countries, mandates enterprises to submit security evaluations and obtain authorization before releasing AI products to the public.The financial affiliate of e-commerce giant Alibaba Group in September unveiled a finance-specific AI model and started testing consumer and professional apps for the products, as per moneycontrol. Ant Group, originally Ant Financial, is a subsidiary of the Chinese giant Alibaba Group. The company controls Alipay, the world's largest mobile (digital) payment platform, which has over 1.3 billion users and 80 million merchants, with total payment volume expected to reach CN118 trillion by June 2020. It is the world's second largest financial services firm, trailing only Visa. As per reports claimed in March 2019 that Ant's flagship Tianhong Yu'e Bao money-market fund was the world's largest, with over 588 million users, or more than one-third of China's population, donating funds to it.Ant Group was planned to raise $34.5 billion in the world's largest IPO at the time, valuing the business at $313 billion, in October 2020. On the eve of the IPO, China put a halt to the proceedings. According to reports, Chinese Communist Party leader Xi Jinping personally halted the Ant IPO. Elon Musk said in a blog post that his artificial intelligence business xAI will be integrated into his social networking platform X as well as accessible as a separate app.The billionaire also stated that xAI issued its first AI model, a bot named Grok, to all X Premium+ users.The startup aims to create AI tools that 'assist humanity in its quest for understanding and knowledge' and that Grok has been designed to answer questions with a bit of wit. Musk who has criticized Big Tech's AI efforts as ridden with censorship, in July launched xAI, calling it a "maximum truth-seeking AI" that tries to understand the nature of the universe to rival Google's Bard and Microsoft's Bing AI, as per reuters. "Grok has real-time access to info via the X platform, which is a massive advantage over other models," Musk added.X, Musk's social media company formerly known as Twitter, is independent from xAI, yet the two collaborate closely. xAI also collaborates with his electric vehicle manufacturer Tesla and other companies. Musk recently informed British Prime Minister Rishi Sunak that he believes AI is "the most disruptive force in history." Musk predicted during the inaugural worldwide AI Safety Summit at Bletchley Park, England, that the technology will be able to "do everything" and render employment as we know it obsolete.Musk co-founded OpenAI, the firm behind ChatGPT, in 2015, causing a worldwide craze for generative AI technology, but stepped out from the board in 2018. INFOCUSELON MUSK TO COMBINE XAI WITH SOCIAL MEDIA PLATFORM X
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