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In a recent funding round, Abridge, an artificial intelligence startup dedicated to automating medical records, successfully raised $300 million in Series E financing, increasing its valuation to $5.3 billion. The round was led by the renowned investment firm Andreessen Horowitz, with Khosla Ventures also participating. Notably, this funding followed the company's $250 million funding round in February, when its valuation was $2.75 billion. Abridge has been in operation for seven years.

Recently, the Shanghai University of Finance and Economics held the 'Kuangshi Financial and Economic Education Large Model' Release Conference and Digital Intelligence New Financial Forum in Shanghai. This innovative intelligent education platform was officially launched. The large model aims to accurately meet the diverse needs of financial education, marking an important step for the school in deeply integrating financial education with artificial intelligence (AI). Professor Zhang Liwen from the College of Statistics and Data Science at the Shanghai University of Finance and Economics introduced that this large model fully relies on the school's rich financial discipline background and advanced technological exploration, aiming to build a service platform for various types of financial education.

A new study led by Apple researchers has poured cold water on the current large reasoning models (LRMs) that are highly anticipated. The research found that when solving complex tasks, reasoning models designed to simulate thinking processes, such as Claude3.7Thinking and Deepseek-R1, not only failed to show advantages but also exhibited serious problems like insufficient reasoning and performance collapse. This study tested four classic logical puzzles: the Tower of Hanoi, Checkers, River Crossing, and Block World. These puzzles allow precise control over the tasks.

At the 2025 Intelligent Economy Forum, Shen Dou, Executive Vice President of Baidu Group, announced that Baidu Smart Cloud has launched a new large model for the financial industry called Qianfan Smart Finance. This move marks Baidu's deep involvement in the financial sector, aiming to provide more precise and efficient artificial intelligence solutions for financial institutions. Shen Dou pointed out that 65% of Central SOEs have chosen to work with Baidu Smart Cloud, demonstrating the strong market demand for smart cloud technology. Building an industry-specific large model is a complex process that not only requires a strong technical foundation but also...

Ant International officially launched its AI-as-a-Service (AIaaS) platform - Alipay+ GenAI Cockpit. This new platform is designed to empower fintech companies and super apps in building AI agents and AI-native financial services. It combines automated workflows with intelligent task orchestration, covering key fintech processes such as payment orchestration, customer guidance, compliance checks, fraud detection, dispute resolution, and performance optimization. This marks an important step in the practical application and scalability of intelligent agents in the financial industry. Financial future...

On May 27th, Kuaishou released its Q1 2025 financial report. Its self-developed AI product, KeLing AI, has shown impressive performance, with single-quarter revenue exceeding RMB 150 million, demonstrating strong commercial capabilities. Since its launch in June 2023, KeLing AI has continuously iterated on technology, maintaining a leading global position, and accelerating the application of various fields. The announcement shows that currently, KeLing AI has been widely applied in advertising marketing, short series creation, smart terminals, and other industry scenarios, becoming an important support point for Kuaishou's AI layout. In the field of advertising marketing, KeLing AI

Artificial intelligence is sparking a revolutionary change in the financial sector! A newly popular open-source AI financial analysis tool called FinRobot has been causing a sensation recently. By leveraging its multi-agent collaborative system and multi-modal data processing capabilities, it provides powerful support for financial needs such as trading prediction, investment portfolio optimization, report generation, and risk early warning. AIbase analyzes in-depth how FinRobot helps the financial industry step into the smart new era. Multi-agent collaboration, precise analysis of financial data. The core of FinRobot lies in its...

Kimi and Caixin Media have entered into a content partnership to provide users with more professional and trustworthy financial information.

On April 28, Kimi, the intelligent assistant from Moonlit Face Technology Co., Ltd., announced an official content partnership with Caixin Media. This collaboration will provide users with more professional and reliable financial content, marking a significant step for Kimi in the financial information sector.

Recently, Yiren Digital (NASDAQ: YRD) announced that its self-developed Zhiyu large language model has officially completed registration in accordance with the relevant provisions of the "Interim Measures for the Management of Generative Artificial Intelligence Services." This news marks a significant step for Yiren Digital on the path to AI technology compliance and lays a solid foundation for its intelligent applications in the financial field. As a leading AI-driven financial service provider in China, Yiren Digital is driving industry transformation through technological innovation. Image Note: Image generated by AI, image authorized by Midjour.