lion-announces-internal-testing-of-robo-advisor-lionai

Lion Announces Internal Testing of Robo-Advisor LionAI

 

Lion Group Holding Ltd. (“Lion” or “the Company”) (NASDAQ: LGHL), operator of an all-in-one trading platform that offers a wide spectrum of products and services as well as a developer of new growth products including SPAC sponsorship, NFT and metaverse-related initiatives, today announced that it will increase its investment in R&D innovation, especially in the areas of large AI models, AI content generation (AIGC) and other fields. The initiative empowers core fintech business products and services, based on the application and research of cutting-edge artificial intelligence (AI) technologies such as ChatGPT and ERNIE Bot (China’s ChatGPT equivalent). These efforts will also enable the Company to upgrade its technology, integrate business solutions, optimize user experience, reduce costs, improve quality, increase efficiency, achieve differentiated, professional, and characteristic development, and create an important vehicle for profitable growth.

Lion, with its professional technical team, has successfully created Robo-Advisor LionAI, which has entered the internal testing phase. In a later stage, the LionAI tool can provide customers with a number of AI products and services such as digital humans, smart financial Q&A, and customer service robots, which would be applied to the Company’s core traditional financial business segments including insurance, securities, and wealth management. LionAI may also provide smart financial advisory services including account opening, fee payment, insurance and underwriting, stock selection and diagnosis, asset allocation, investment education encyclopedia, and data retrieval, and it will be gradually upgraded to a chatbot powered by AI large language model. From the perspective of commercial value, LionAI is believed to have the potential to become a leading AI natural language and intelligent investment advisory system in the field of financial technology.

Mr. Wang Chunning (Wilson), CEO of Lion Group Holding Ltd, said, “Lion is committed to being a pioneer in the forefront of financial technology development, continuously improving operational efficiency, and addressing environmental changes and industry trends. Finance, technology, and digitalization are the three cornerstones of Lion’s efforts to move forward in the frontier of financial technology. Our LionAI powered by AI technology will inject new momentum into the company’s various financial technology businesses’ advancement, greatly improving the efficiency of our services, and supporting new business needs, meanwhile, further demonstrating our strong customer acquisition advantages, thereby driving the explored increase of users and revenue. In the future, we believe the adoption of AI is certain to become one of the important variables shaping the competitive landscape of the entire industry. With the support of AI-related technologies, we will continue to deepen our efforts in the fields of FinTech, AIGC, and Web3.0, to break through and enhance our development momentum. We will devote ourselves to promoting the high-speed construction and high-quality sustainable development of the digital financial ecosystem business, creating high-quality product experience and services for customers, as well as meaningful value growth for our shareholders.”

lion-announces-it-will-explore-chatgpt-related-ai-&-nlp-technologies-to-empower-digital-program

Lion Announces It Will Explore ChatGPT Related AI & NLP Technologies To Empower Digital Program

 

Lion Group Holding Ltd. (“Lion” or “the Company”) (NASDAQ: LGHL), operator of an all-in-one trading platform that offers a wide spectrum of products and services and developer of new growth products that include SPAC sponsorship, NFT, and metaverse-related initiatives, today announced the Company will deep dive into chat generative pre-trained transformer (“ChatGPT”, Natural Language Processing) technology  to explore the possibility of leveraging the technology for the expansion of Metaverse games and NFT digital collection projects. Lion envision that this initiative will enhance core product competencies, increasing content diversity, reducing production costs, and increasing business growth. In the future, the Company will continue to study artificial intelligence grid computing (“AIGC”) related technologies to inject new momentum into the development of various innovative businesses.

Lion’s metaverse project “Lion World” is committed to becoming a decentralized user-generated content (“UGC”) platform and intelligent content ecosystem creator, providing a virtual space for users to learn, work, play and socialize. Relying on AIGC as a productivity tool, Lion will explore the feasibility of integrating ChatGPT and related technologies to significantly reduce the threshold and increase efficiency of online content production and interaction, and allow artificial intelligence (“AI”) models to assist with tasks such as program generation, code compilation, search services, interactive dialogues, data analysis and more. It is believed that with the development of ChatGPT and the iterative upgrading of this technology, in the future, enhanced NPCs (Non-Player Characters) which can simulate the operation of real-world players will populate the game realm of Lion World.

Lion believes ChatGPT will also accelerate digital content innovation and may catalyze a significant upsurge in artistic experimentation in the NFT field “MetaWords”, a metaverse language-based NFT project by Lion in collaboration with world-renowned artist Xu Bing, will look at using AIGC and ChatGPT technology to aid platform users in easily generating more diversified and original digital works and related text introductions.

Mr. Chunning (Wilson) Wang, CEO of Lion, said, “Finance, technology and digitalization are the three cornerstones of Lion’s efforts to move forward in the frontier of financial technology. The technological breakthrough of ChatGPT will open up massive application scenarios and Lion will look at fully leveraging applicable technology for the Company’s relevant innovative business sectors. We believe that the application of leading AI technology will become a core feature of new content production infrastructure in the fields of Web3.0 and the metaverse. In the future, we will continue to increase efforts in the fields of FinTech, AIGC, ESG, Web3.0 as well as virtual assets, and devote ourselves to promoting the high-speed construction and high-quality sustainable development of the digital financial ecosystem business, creating meaningful growth and value for our shareholders.

lion-announces-acquisition-of-lion-fintech-group

Lion Announces Acquisition of Lion FinTech Group

 

Lion Group Holding Ltd. (“Lion” or “the Company”) (NASDAQ: LGHL), operator of an all-in-one trading platform that offers a wide spectrum of products and services with a focus on Chinese investors, today announced it will acquire 100% of Lion FinTech Group Limited for an amount to be agreed upon with a  definitive agreement expected to be signed by March 31, 2021. Through its subsidiary, Royal Lion Middle East DMCC, Lion FinTech holds a proprietary trading license for crypto assets in Dubai. The Company expects the acquisition to close in the first quarter of 2021.

Royal Lion Middle East DMCC holds its proprietary trading license with the Dubai Multi Commodities Centre (“DMCC”), and functions as a central counterparty in the crypto asset market. Upon expected completion of the acquisition, Lion’s clients will have access to trade legal tender crypto currencies under regulated conditions, ensuring safe transactions. Royal Lion Middle East DMCC is the only license holder with DMCC that supports FIAT currency, which, following the acquisition, will provide Lion’s clients with an efficient and secure platform to exchange FIAT currencies with crypto currencies. With the license authorized for relevant financial activities and business resources, Lion plans to offer its clients crypto assets-backed trust funds as the best alternative avenue to invest in crypto assets.

Mr. Chunning (Wilson) Wang, Chief Executive Officer at Lion, commented, “This acquisition will bridge the gap between traditional financial markets and the crypto asset market, providing a simple and secure crypto trading platform for our clients. We believe the introduction of crypto trading will enable clients to implement more complex strategies with speed and efficiency, and unlock dynamic trading using smart contracts. Investors increasingly depend on speed and advanced capabilities to add incremental value to their portfolios, and we are excited to offer these tools to our clients following the expected acquisition of Lion FinTech.”

Mr. Wang Jian, Chairman of Lion, owns 100% of Lion FinTech Group Limited, the controlling company of Royal Lion Investment Limited (“RLIL”). An investment company owned by a member of the United Arab Emirates (UAE) royal family also holds equity interest in RLIL. RLIL wholly owns Royal Lion Middle East DMCC.