(Yicai Global) April 3 -- An artificial intelligence lab under the Chinese tech giant Alibaba Group Holding has started combating trumped-up stories with its self-developed machine dubbed the Artificial Intelligence Internet Rumor Breaker. 

Alibaba Damo Academy has launched an algorithm that can verify whether a piece of information is true with an accuracy of 81 percent, Beijing Business Today reported.

The system uses deep learning and artificial neural networks to separate fact from fiction as fast as within one second. The machine can also send notifications to users that have read some false information to stop misguided concepts from gaining a foothold and spreading. 

"We hope that social networking platforms and news websites can start applying this technology," said Si Luo, the chief scientist at Damo Acadamy's language processing lab. 

Founded in October 2017, Damo Acadamy was set up to help Alibaba achieve its goal of becoming the world's fifth-largest economy over the next two decades, according to the Hangzhou-based firm's website. It has seven global locations including Silicon Valley.

Editor: Emmi Laine