Source: CBI Insights on Twitter
The above model shows a host of companies that provide AI language models, and in particular, language learning models (LLMs). LLMs are a sub section of AI which is focused on enabling computers to understand and generate human language. A more simple definition is an AI model that has ben trained to predict the next word or words in a sentence — for example, with predictive text on iPhones.
In finance, LLMs offer the capacity to streamline data processing and analyse complex financial models to identify potential risks and predict outcomes.