Starting from the implementation of large models in the financial industry, generative AI has become a new power in the industry

This year, the speed of development of generative artificial intelligence (AI) has attracted the attention of the entire industry. For example, since Baidu released version 3.0 of the Wenxin model in March, three versions have been iterated in just half a year. The rapid development of Wenxin Big Model not only enhances generative AI technology, but also continuously improves the partner ecosystem. Currently, more than 20,000 enterprise users around the world are using Wenxin’s large model capabilities, and the number of vertical partners has exceeded 500. What benefits will the native AI applications built by Baidu Smart Cloud and ecological partners based on large models bring to industry users?

The third issue of Baidu Smart Cloud's "Smart Cloud Knows" & CSDN series of dialogue columns invited Guan Chenguang, Senior Vice President of Beijing Paoding Technology Co., Ltd., and Chen Zhiruo, General Manager of Baidu Smart Cloud Channel Ecology, to explain online how generative AI and large models work Influence users in different industries and help enterprises achieve all-round upgrades.

Generative AI

Help financial businesses get rid of “document fear”

Chen Zhiruo, general manager of Baidu Intelligent Cloud Channel Ecology, said that Baidu’s recently launched Wenxin Big Model 4.0 already has capabilities comparable to GPT-4.0. The capabilities of large models are like a bow, and industry partners are like arrows. A strong bow still requires sharp arrows, so that the capabilities of large models can truly be applied to every industry. Therefore, Baidu Intelligent Cloud hopes to find partners like Paoding Technology in the vertical tracks of various industries to achieve in-depth application of generative artificial intelligence in different industry scenarios. A series of services launched by Paoding Technology based on Wenxin Big Model 4.0 have broken through many pain points and provided a lot of help for knowledge-intensive industries

For example, the brokerage business is a typical knowledge-intensive business in the financial industry, with a huge amount of documents and high complexity. Companies seeking to go public can have more than 5,000 IPO project documents. The core IPO prospectus often has 400-500 pages, including hundreds of tables and tens of thousands of data points. The IPO prospectus will be strictly reviewed after it is submitted to the regulatory authorities. Any errors or mistakes may lead to regulatory inquiries. Professional document processing of this magnitude will consume a lot of manpower, and it is difficult to be foolproof, so automated tools are particularly important.

Professional knowledge AI Q&A assistant based on Wenxin large model: Pao Ding Jiewen ChatDOC

Guan Chenguang, senior vice president of Beijing Paoding Technology Co., Ltd., said that Paoding Technology has always focused on the financial industry and has a long-term partnership in the field of document intelligence. It is a partner of Baidu Intelligent Cloud. Documents in the financial industry are mainly presented in the form of text, tables and data, which is exactly what large models are good at processing. Paoding Technology has trained more than 10 million financial industry documents and has profound industry insights. Through the combination of Wenxin's powerful understanding ability and Paoding Technology's accurate analysis of industry professional content in documents, new knowledge insights can be generated. Users can obtain the results of model processing through natural language dialogue, and the threshold for use is greatly reduced

Paoding Technology has created an automated intelligent review tool-Paoding Jiewen ChatDOC based on the Baidu Wenxin large model to help users improve work efficiency. In the past, manual review of IPO prospectuses often took 2 to 3 days. However, through automated intelligent review tools, review time can be significantly reduced. Moreover, key points in the document, such as information on international relations, financial indicators, indicator changes, and the internal logical relationships of proportional indicators, can all be processed automatically in ChatDOC to improve work efficiency and accuracy. Pao Ding Jie Wen ChatDOC can also quickly build an internal knowledge base for enterprises and provide knowledge question and answer parsing capabilities, allowing users to quickly obtain the content they need.

Function Example 1. Pao Ding Jie Wen ChatDOC In the standard regulation query scenario, key information can be quickly obtained through Q&A:

Function Example 2: Pao Ding Jiewen ChatDOC In the intelligent summary analysis scenario, scattered data can be integrated to generate tables:

Function Example 3: Users use Pao Ding Jiewen ChatDOC to query the required information. ChatDOC can quickly locate and provide:

In this process, Baidu Intelligent Cloud plays an important role. The Paoding Technology team researched, compared and tested multiple domestic large model products, and Baidu Wenxin Large Model 4.0 finally stood out due to its performance advantages. Moreover, another advantage of the Wenxin large model lies in the underlying Baidu Intelligent Cloud support. Paoding Technology is a long-term partner of Baidu Smart Cloud, as are many of Paoding Technology's customers. The cloud's capabilities can help customers achieve rapid application deployment and maintain business flexibility. Relying on Baidu Intelligent Cloud Base, Paoding Technology can quickly deliver the capabilities of Paoding Jiewen ChatDOC to customers through the cloud.

The implementation of generative artificial intelligence in application scenarios

Inclusive benefits for thousands of industries

Robin Li, founder, chairman and CEO of Baidu, once said: "Large-scale models are a waste of social resources, but the best AI native applications have still not appeared." At the moment, computing power is in very short supply. In this era, a specialized cooperation model may be a better choice. Therefore, as soon as Baidu Wenxin Big Model 4.0 was released, Paoding Technology quickly accessed it as the first batch of partners, and based on it, Paoding Jiewen ChatDOC was created to provide users with intelligent question and answer services for massive and complex document scenarios.

Baidu Intelligent Cloud is assisting specific enterprises in various industries to quickly find suitable large-scale models, accelerate scenario-based deployment of specific businesses, and achieve cost reduction and efficiency improvement through large-scale model capabilities. It can be said that in the era of generative AI, the demand for scenario-based application of large models is a common problem faced by all walks of life, including education, e-commerce advertising, smart manufacturing and other industries. Baidu Intelligent Cloud, together with its partners, continues to promote the scenario-based application of large-scale models and give full play to its capabilities

For example, in terms of financial statements, the Kingdee Cloud·Cangqiong GPT previously released by Kingdee is supported by the capabilities of Wenxin Large Model. Kingdee has encapsulated relevant large-model capabilities into its own products, bringing a brand new experience to customers.

After being implemented in different scenarios, the power of generative AI is being seen by more and more people. Baidu Intelligent Cloud also hopes to work with partners to create more model cases and quickly replicate them, truly realizing the universal benefit of AI in thousands of industries.

Thousands of sails are raised, a new route for large models

At this year’s Baidu World Conference, Baidu Smart Cloud announced the latest features of the Baidu Smart Cloud Qianfan large model platform, aiming to promote the practical application of large models in various industries

Users in thousands of industries hope to quickly deploy large-scale models and use generative artificial intelligence to enhance their business, and their specific needs vary. The Qianfan platform provides a large-scale model service called "Super Factory", which is designed to meet users' different needs for large-scale models. For example, enterprises can obtain efficient computing power through the Qianfan platform and reduce the cost of large-scale model training and inference; enterprises can also directly use mature and stable large-scale models through API calls, and conduct secondary development based on existing large-scale models, such as based on their own Scenario-based retraining, fine-tuning, evaluation and deployment of models; in addition, for enterprises that want to focus on rapid development of artificial intelligence applications, they can develop their own native AI applications based on the Qianfan platform, or even directly use the native AI applications that have been developed on the Qianfan platform AI Application

Qianfan Platform provides a variety of tools and resources suitable for different types of businesses and developers, regardless of their needs. Currently, Qianfan AI native application store has launched nearly 70 products, including general applications and industry scenario applications

Paoding Jiewen ChatDOC has been launched on Baidu Smart Cloud Qianfan AI native application store

Paoding Jiewen ChatDOC is a product developed by Paoding Technology and has been put on the Qianfan platform. The Qianfan platform also helped Paoding Technology solve many problems, such as computing power. Many companies require a large amount of computing power for model training and fine-tuning, but it is difficult to purchase computing power independently and the return rate is low, so choosing the Qianfan platform is the most cost-effective option. After Pao Ding Jiewen ChatDOC was launched on the Qianfan platform, Pao Ding Technology gained many business opportunities and clues. In industries such as education, law, and environmental protection, Paoding Technology's customers need to fine-tune large models to better obtain professional knowledge and corpus. The fine-tuning functions and services provided by Qianfan make the model deployment process smoother for these industry users

In the future, the Paoding Technology team will further upgrade and improve product functions based on the Wenxin model to provide users with better solutions. At the same time, Paoding Technology will also work closely with the Baidu Intelligent Cloud team to increase investment and use of large models, continue to improve the capabilities of large models, and apply them to more industries and scenarios

Click to watch the full video of the show

The evolution of Baidu Intelligent Cloud and large models will continue. Which industries will this have a lasting impact on? Baidu Smart Cloud's "Smart Cloud Knows" and CSDN series of dialogue columns will continue to explore the practical applications and best practices of large models in various industries, so stay tuned

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