October 07, 2024

iFLYTEK Contributed to the Release of China’s First Financial Large Model Standard As a “Core Compiler”

The recent 2023 Trusted A.I. Conference and the Nanjing Artificial Intelligence Industry Development Conference convened diverse stakeholders from industry, academia, research, and relevant sectors for collaborative discussions and deliberations regarding the development roadmap for large models. During the event, iFLYTEK was recognized as a “Core Compiler” of China’s first financial large model standard.

Large models have accelerated A.I. engineering and inclusive development, positioning themselves as the foundation of the next generation of intelligent systems. In the context of the “100 Model Competition,” the China Academy of Information and Communications Technology recognizes the importance of large model research, consultation, standards, and evaluation. It initiates the development of industry standards for large financial models.

The effort led to compiling the Industry-Oriented Large-Scale Pre-Training Model Technology and Application Evaluation Method Part 1: Financial Model Standard. Led by the China Academy of Information and Communications Technology and supported by over 40 enterprises, including Tencent Cloud, Hundsun Electronics, Qifu Technology, and iFLYTEK, the standard marks China’s first large model standard for the financial industry. Its introduction is expected to standardize the development and application of large financial models, enhance their accuracy and reliability, and promote the intelligent evolution of the financial sector.

“Being recognized as a core compiler is an affirmation of iFLYTEK’s work in large model research and development, as well as a recognition of its contribution to the development of financial technology.” Sun Kang, Solution Director of iFLYTEK Fintech BU, expressed, “over the past decade, iFLYTEK has built a solid foundation of technical expertise in cognitive intelligence.

IFLYTEK Spark Desk is available to the public and has partnered with over 10,000 enterprises to explore intelligent upgrades across diverse industries. IFLYTEK has accumulated substantial experience in intelligent infrastructure development and operations in the financial sector. It has nurtured close collaborations with financial institutions through initiatives such as joint innovation laboratories. Looking ahead, iFLYTEK remains committed to an open and collaborative approach, working alongside all stakeholders to propel innovation and development in the financial technology industry.”

With its extensive technical expertise and rich practical experience in financial technology, iFLYTEK has played a crucial role in leading the development of large economic model standards.

iFLYTEK remains committed to advancing the research and application of cognitive large model technology. iFLYTEK released Spark Desk 1.0 this year, followed by two significant upgrades within three months. iFLYTEK Spark Desk is set to achieve further upgrades on October 24. In the latest MIT Technology Review, the iFLYTEK Spark Desk 2.0 earned the highest score, 81.5 points, ranking first in all six categories and earning its reputation as the “smartest” domestic large model.

In financial technology, iFLYTEK has undertaken over a thousand financial technology projects. For instance, it has established a multi-scenario digital employee application system based on smart middle desks and digital factories. It covers customer service, quality control, marketing, risk management, and various other business scenarios, empowering scenarios like active customer service through data and algorithm-driven approaches. Additionally, iFLYTEK has been driving the application of large models in industry settings, collaborating with top financial institutions such as PICC Group and Bank of Communications to create large models for the financial industry. The effort has resulted in applications like Spark Intelligent Customer Service, Marketing Exhibition Industry Assistant, Line Assistant, and Corporate Knowledge Base, all contributing to the advancement of financial intelligence.

Currently, iFLYTEK has served numerous institutional clients, including banks, insurance companies, securities firms, and consumer finance entities, building intelligent foundations and scenario application systems. It remains committed to advancing research and development and application in financial technology, collaborating with industry stakeholders to drive the growth of financial large models, and making further contributions to the innovation and upgrading of financial technology.