Ant Group splurges nearly $3b on R&D spending in 2023 for AI, Alipay

Ant Group splurges nearly $3b on R&D spending in 2023 for AI, Alipay

China's Ant Group is accelerating research and development in AI.

Chinese fintech company Ant Group said Thursday it spent 21.19 billion yuan ($2.92 billion) on research and development in 2023, including on artificial intelligence.