The speed at which AI is changing our lives is incredible, with technological changes being established ever faster.
Spotify took 150 days to reach 1 million users. Instagram halved this. And now ChatGPT has broken all records by taking just 5 days to reach that mark.
At RealRate, we closely watch how Large Language Models are applied to annual financial reports.
But major flaws still need to be tackled: in general, in language model learning from the vast amount of texts found on the internet, those models often get too creative, inventing facts. Such an approach might be convenient for machine-human chats, but when it comes to financial data, we need to teach them to stick to facts and cite actual sources.