AI in banking: LLMs and personalized ChatGPTs

LLMs – the foundation of language-based AI systems

ChatGPT is based on GPT-4, a large language model, otherwise known as an LLM. LLMs are powerful tools that can process images, videos, and audio files in addition to text. They are trained on large datasets using machine learning. This gives them a broad knowledge covering a wide variety of areas. They can answer questions, write creative texts, or generate – in short, they can help in numerous different ways.

AI projects in banking and finance: Easier to implement than ever before!

In the past, machine learning and AI projects have often been challenging and required a lot of effort, particularly in banking. But now LLMs are opening up a completely new approach. Specialists in developing AI solutions can now use existing LLMs to create AI solutions for banks. This streamlines the process, making it comparatively inexpensive.

Find out how they do it in our white paper.

AI glossary: 10 terms you should know

1. Machine learning
2. Natural language processing/natural language understanding
3. Deep learning
4. (Self-)supervised learning
5. Unsupervised learning
6. Reinforcement learning
7. Zero-shot learning
8. Retrieval-augmented generation (RAG)
9. Generative AI
10. AI ethics