Companies are racing to adopt large language models (LLMs), which serve as the foundation for generative AI applications that could radically transform enterprise operations and productivity. This momentum has fueled investment of over $16B in funding to LLM developers in 2023 alone.
Although financial services players have been slower to move — largely due to concerns around compliance and data quality — they are increasingly taking steps to integrate LLMs into their offerings.
However, how they do this varies from one company to the next. Incumbents are taking several different approaches to deploying LLMs, including:
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The post How are financial services players jumping on the LLM opportunity? appeared first on CB Insights Research.
