At present, we are in a critical period of transformation and upgrading of the financial industry, in order to accelerate the innovation of various cutting-edge technologies such as large models, and inject fresh blood into the development of the financial industry. Over the years, Du Xiaoman has continued to explore the application of generative AI in major financial business scenarios, continuously expanding the boundaries of financial services, and promoting the transformation and upgrading of the financial industry with innovative technologies. Recently, "People**" published an article to explore the positive impact of generative AI on the development of the financial industry using Du Xiaoman's "Xuanyuan" as an example.
Du Xiaoman focused on generative AI, and "Xuanyuan" was praised by "People**".
On February 2, "People's **" published an article with the title of "Expanding Application Scenarios and Improving Service Capabilities", ** on topics such as how artificial intelligence (AI) technology can empower the high-quality development of the financial industry, and analyzed the trend of generative AI integration into the financial field with Du Xiaoman's "Xuanyuan" financial model as an example.
The article points out that finance is the blood of the national economy and an important part of the country's core competitiveness. In recent years, with the increase in the embedded application of large model technology in retail, education and other industries, its application capabilities have continued to improve, and the speed of integrating generative AI technology in the financial industry has been accelerating.
Promoting the deep integration of generative AI into the financial field is a key direction for fintech companies such as Du Xiaoman to continuously improve their financial service capabilities. In May 2023, Du Xiaoman open-sourced the 100-billion-level financial model "Xuanyuan", and successively open-sourced multiple versions of it in the following months. The large model is trained from the massive financial data accumulated in the actual business scenarios of enterprises, which can significantly enhance the financial service capabilities. Since the open source, hundreds of financial institutions have applied for a trial. In January this year, Du Xiaoman open-sourced the "Xuanyuan-13b" financial model, which improved the financial professional ability and scenario application ability with lower cost and smaller parameters.
Du Xiaoman lays out large-scale model technology and promotes the implementation of innovative technologies in the financial field
At present, the large model technology has been applied to many business scenarios of Du Xiaoman, and has achieved initial results in marketing, customer service, risk control, office, research and development, etc. "In terms of assistants, the adoption rate of large models can reach 42%, helping the company improve the overall R&D efficiency by 20%; In terms of customer service, the large model promotes a 25% increase in service efficiency; In terms of smart office, the intent recognition accuracy of large models has reached 97%.
Through the computation and processing of massive real-time data through new technologies such as generative AI, financial institutions can explore more product innovations, provide more effective credit support, underwriting claims, market financing and other services for the real industry, further improve the level of financial services for the real economy, and promote the high-quality development of the financial industry. Xu Dongliang, chief technology officer of Du Xiaoman, said.
Li Jizhen, deputy dean of the School of Economics and Management of Tsinghua University, analyzed that it will be an important part of the breakthrough development of generative AI in the financial industry in the future to develop application scenarios, continuously improve the adoption rate of customers and the utilization rate of large models, and better play the potential value of large models.
The theme article published by "People**" tells about Du Xiaoman's innovation in the field of financial technology. For a long time, Du Xiaoman has actively deployed large-scale model technology, constantly overcome technical problems, and alleviated many problems in the financial industry with the help of innovative technology. In the future, generative AI will continue to be the mainstream technology in the financial industry. Du Xiaoman will continue to accelerate the deployment of large models and other technologies, and promote the high-quality development of the financial industry with cutting-edge technology.