JD.Com Surges After Unveiling Large Language Model ChatRhino
Dou Shicong
DATE:  Jul 13 2023
/ SOURCE:  Yicai
JD.Com Surges After Unveiling Large Language Model ChatRhino JD.Com Surges After Unveiling Large Language Model ChatRhino

(Yicai Global) July 13 -- Shares in Chinese e-commerce giant JD.Com surged today after it unveiled its large language model ChatRhino, which aims to apply artificial intelligence technologies in sectors such as retail and logistics. 

The Hong Kong-traded shares in JD.Com [HKG: 9618] closed up 6.4 percent at HKD150.70 (USD19.27) today and its US-listed shares [NASDAQ: JD] rose by 2.8 percent to USD38.45 in pre-market trading. 

ChatRhino supports text, voice, visual and multi-modal interactions and it can combine 70 percent general data with 30 percent industry data, Sandy Xu, JD.Com’s chief executive officer, said today at the 2023 JD Discovery tech summit. 

ChatRhino will first be applied in JD.Com’s internal business, and will be made externally available in the first half of next year, with a focus on the retail, logistics, finance, health and city management sectors. 

To assist clients in the application of AI, JD.Com also unveiled a supporting development platform that is compatible with ChatRhino. The platform, which is expected to be officially launched next month, has already begun early registration. 

He Xiaodong, JD.Com’s vice president, said in April that the company would debut an industry version of ChatGPT this year. Rival Chinese tech firm Alibaba Group Holding launched its LLM, Tongyi Qianwen, in April. 

Editor: Tom Litting

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Keywords:   JD.Com,Large Language Model