BloombergGPT outperforms similarly-sized open models on financial NLP tasks by significant margins — without sacrificing performance on general LLM benchmarks
(Bloomberg)
Well, so much for 6-month A.I. pause petition. Everyone wants a piece of the A.I. boom, and this will only drive investment and adoption of the technology even faster.NEW YORK – Bloomberg today released a research paper detailing the development of BloombergGPTTM, a new large-scale generative artificial intelligence (AI) model. This large language model (LLM) has been specifically trained on a wide range of financial data to support a diverse set of natural language processing (NLP) tasks within the financial industry.
Recent advances in Artificial Intelligence (AI) based on LLMs have already demonstrated exciting new applications for many domains. However, the complexity and unique terminology of the financial domain warrant a domain-specific model. BloombergGPT represents the first step in the development and application of this new technology for the financial industry. This model will assist Bloomberg in improving existing financial NLP tasks, such as sentiment analysis, named entity recognition, news classification, and question answering, among others. Furthermore, BloombergGPT will unlock new opportunities for marshalling the vast quantities of data available on the Bloomberg Terminal to better help the firm’s customers, while bringing the full potential of AI to the financial domain.
In other words, exponential growth goes brrrrr!