It’s going to enhance and augment existing terminal technology.” “Most of the things that we’re doing with BloombergGPT are going to be behind the scenes,” said Mann. Instead, BloombergGPT is being integrated into Bloomberg Terminal, improving the ability of users to find the information they’re seeking from the platform. In other words, there is no BloombergGPT website into which you can type a query such as “write an investor letter” and then receive a relatively believable result. Unlike the broadly known ChatGPT technology, BloombergGPT does not have a public-facing chatbot interface. BloombergGPT aims to solve that by making the query process on the company’s terminal simpler - while producing better results. It could, however, be an indicator of what’s to come in fintech: Financial firms using their own data to create ChatGPT-like models.Īccording to Gideon Mann, Bloomberg’s head of machine learning product and research, investors “need the ability to deal with the data deluge” they’ve been facing in recent years. On Friday, Bloomberg announced that it had launched a large-scale artificial intelligence model that has been trained on financial data to improve preexisting natural language processing tasks, such as sentiment analysis and news classification.īloombergGPT is the first large language model designed specifically for the finance industry. Bloomberg’s version of ChatGPT has arrived.
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