Ant Group Invests in Westlake Xinchen, an AI Large Model Developer, Through Subsidiary

Deep News01-29

Corporate information from Qichacha indicates that Westlake Xinchen (Hangzhou) Technology Co., Ltd., a developer of AI large models, recently underwent a business registration change. The change adds Shanghai Yunya Enterprise Management Consulting Co., Ltd., a wholly-owned subsidiary of Ant Technology Group Co., Ltd., as a new shareholder.

Public records show that Westlake Xinchen is an innovative company originating from the Deep Learning Laboratory of Westlake University. Since its establishment in 2021, the company has been dedicated to advancing artificial intelligence multimodal large model technology, focusing on the exploration and research of AI large models and specializing in the innovation and application of AI services.

Ant Group has recently been active in the field of general artificial intelligence. Its large model application, "Ling Guang," surpassed two million downloads within just six days of its launch.

Disclaimer: The content and data in this article are compiled by Viewpoint based on public information and do not constitute investment advice. Please verify before use.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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