Bloomberg Unveils Finance-Focused Generative AI Model | Fintech … – Fintechnews Switzerland
Media conglomerate, finance information company and business software developer Bloomberg is building a generative artificial intelligence (AI) model for the finance industry, following on the heels of technology companies including Microsoft, Google and Salesforce that have recently kickstarted their own generative AI projects.
Generative AI is a category of AI algorithms that are capable of generating new and realistic content including text, images and audio, based on the data they have been trained on. These models, which are able to carry on sophisticated conversations with users, accurately answer questions and complete a wide range of tasks, including creating software and formulating business ideas, have risen to popularity over the past months after OpenAI’s AI chatbot ChatGPT went viral.
Freshly unveiled BloombergGPT is 50-billion-parameter generative AI model that’s been trained on a wide range of financial data to support tasks within the financial industry.
Bloomberg…
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source: https://news.oneseocompany.com/2023/04/03/bloomberg-unveils-finance-focused-generative-ai-model-fintech-fintechnews-switzerland_2023040343009.html
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