news

한어Русский языкEnglishFrançaisIndonesianSanskrit日本語DeutschPortuguêsΕλληνικάespañolItalianoSuomalainenLatina

Since ChatGPT attracted widespread attention, the global competition for big models has become increasingly fierce. As an important field for the implementation of big models, the financial industry is also proactively planning and deeply participating in the innovation of big model-related technologies.

For a long time, my country's overall financial technology competitiveness has been at the forefront of the world. As the big model competition begins, how is my country's financial industry progressing? The answer may be found in the latest list released by the world-renowned technology journal MIT Technology Review.

China's financial big model technology innovation has achieved remarkable results

Data shows that in the field of large-model patent innovation of global financial institutions, China's application volume (published, the same below) reached 1,909, accounting for more than 75%.

In terms of the number of patent applications, 12 Chinese financial institutions entered the global top 20, among which Ant Group, Ping An Group and Industrial and Commercial Bank of China ranked in the top three, with 474, 327 and 290 patent applications in the field of large models respectively; another five institutions including China Construction Bank, Bank of China, Mashang Consumer Finance, WeBank and Agricultural Bank of China entered the top 10.

The list confirms that Chinese financial institutions have stepped up their R&D and deployment of big models. For example, state-owned banks have taken the lead, with ICBC building the first full-stack, self-controlled, 100 billion-level AI big model technology system in the industry; China Construction Bank has launched the "Ark Plan" to promote the construction of financial big models; as a representative of technology institutions, Ant Group's Bailing big model has passed the national filing, focusing on building "three butlers" of smart life butlers, financial butlers, and health butlers; Mashang Consumer Finance has released the country's first retail financial big model "Tianjing", dedicated to improving the inclusiveness of financial services.

Big models are helping financial institutions reduce costs and increase efficiency at multiple business levels. For example, according to the 2023 annual report of the Industrial and Commercial Bank of China, its first big model-based intelligent assistant for branch employees was launched, improving branch efficiency, and the annual intelligent processing volume in the operation field was 320 million transactions, an increase of 14% over the previous year.

It is worth noting that Chinese companies have also actively participated in the formulation of a number of large model-related standards. The IEEE financial large language model technical requirements standard compiled by Mashang Consumer Finance was approved for project establishment; the white paper "Large Model Security Practice (2024)" jointly written by Tsinghua University, Zhongguancun Laboratory, Ant Group and other institutions was officially released at the 2024 World Artificial Intelligence Conference.

Industry experts believe that for a disruptive new technology like large models, setting standards is the only way to regulate and promote the application of new technologies. Chinese companies are actively engaged in standard setting, which is not only a reflection of their scientific and technological strength, but will also lead the development trend of global large model technology in related business fields.

There is still a lot of room for the development of big financial models

Leading patent numbers, diverse application scenarios, active participation in standard setting...all these signs reflect the strong independent innovation capabilities of Chinese financial institutions in digital financial technology. This is inseparable from the top-level design of my country's vigorous development of scientific and technological innovation and accelerated development of digital finance in recent years.

At present, a new round of scientific and technological revolution and industrial transformation is developing in depth, scientific and technological revolution and great power competition are intertwined, and the high-tech field has become the forefront and main battlefield of international competition. The 2023 Central Economic Work Conference puts "leading the construction of a modern industrial system with scientific and technological innovation" at the top of the economic work in 2024.

Specifically in the financial industry, as one of the five major articles proposed at the Central Financial Work Conference, the rapid development of digital finance has injected strong impetus into promoting the transformation and upgrading of the economic structure. Financial institutions have also increased their investment and transformation efforts in related fields. New technologies such as big models, blockchain, and artificial intelligence are deeply integrated with financial business, which not only effectively improves service efficiency and inclusiveness, but also promotes the diversification of financial products and services.

Looking ahead, the promotion of scientific and technological innovation and the development of the digital economy are expected to usher in more policy catalysts. Many experts said that promoting high-level scientific and technological self-reliance and the development of new-quality productivity is a key move to ensure that my country has an advantage in the main battlefield of international games. "Under the century-old changes, scientific and technological innovation has increasingly become the main battlefield of international strategic games. The competition for comprehensive national strength among countries is ultimately a competition for scientific and technological strength. The subsequent focus should be on the reform of mechanisms and systems in the field of innovation." Cheng Qiang, director of Debon Securities Research Institute, said.

The development of digital finance in the financial industry will also usher in better development opportunities. In the future, financial institutions will continue to explore more cutting-edge technologies, including large models, to empower related business scenarios, better build new quality productivity in the financial industry, and serve the real economy.

"The financial industry has become an application scenario for big models and even broader artificial intelligence technologies and a strategic highland for financial power. Financial big models will become a typical representative of new productivity. While efficiently promoting the overall improvement of marketing, services, products, and data analysis in the financial industry, it will also enable the high-quality development of thousands of industries in the real economy." said Zeng Gang, deputy director of the National Financial and Development Laboratory. (Information)

Editor: Lin Sen