Theia Insights
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Financial Firms Explore ChatGPT and Generative AI
The release of ChatGPT by OpenAI last year, and its viral success in responding to human prompts in natural language, has ignited interest in generative AI technology, and has pushed asset managers and trading firms to grasp the technology rather than risk falling behind. Despite concerns about accuracy, financial firms and fintech providers are experimenting with specific use cases for generative AI using natural language processing trained on large language models (LLMs).