iFlytek plans ChatGPT-related tech in its products

Chinese artificial intelligence pioneer iFlytek said ChatGPT-related technology will be first used in its products, such as learning machines, and it will hold a product launch event in May.

iFlytek, which offers voice recognition and automatic translation services, said the company has prioritized pushing to develop generative AI pre-training large-scale model in December.

Generative AI refers to algorithms trained to produce new text, images, code, video or audio.

Liu Qingfeng, chairman of iFlytek, said in a recent conference that AI innovation and services will be in wider use in the automotive, medical and education industries.

Powered by AI techs, iFlytek's net profit will grow more than 30 percent annually beginning 2023, Liu said.