The transformer has changed artificial intelligence, and today the number of LLMs has increased almost exponentially in the past two years, making it almost difficult to keep up. While LLMs are profitably used for various applications, why not apply them to finance as well?
Speak about money
Photo by Alexander Mils on Unsplash
ChatGPT has drawn investors’ attention to artificial intelligence. On the one hand, this prompted Google to push on the accelerator of the Bard project, but the community itself has not been idle and many open-source model projects have sprung up.
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Given the potential, why not translate LLMs into the financial domain?
Obviously, there are so many reasons why to develop a model in the financial domain. For example:
- Chatbots could be incorporated to allow 24/7 interaction with users.
- Fraud detection, there has been an increase in fraud and scammers using deep fakes and other technologies, so previous methods are inadequate. LLMs and other AI algorithms could be used for detection.