PYMNTS-MonitorEdge-May-2024

large language models

72% of Lawyers Doubt the Industry Is Ready for Generative AI
72% of Lawyers Doubt the Industry Is Ready for Generative AI
November 10, 2023  |  Artificial Intelligence

At its core, legal work demands meticulous attention to detail, extensive research and nuanced argumentation — intellectually rigorous and time-consuming tasks. The complexity of legal...

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SymphonyAI Unveils Large Language Model to Accelerate Industrial Transformation
SymphonyAI Unveils Large Language Model to Accelerate Industrial Transformation
November 08, 2023  |  artificial intelligence

SymphonyAI has introduced an industrial large language model (LLM) designed to accelerate industrial transformation on a large scale. The SymphonyAI Industrial LLM has been trained on an industrial...

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How Harnessing AI-Generated Code Can Accelerate Digital Transformations
How Harnessing AI-Generated Code Can Accelerate Digital Transformations
November 07, 2023  |  artificial intelligence

Don’t bite the hand that feeds you, said the Greek poet Sappho around 600 B.C. But the age-old adage, originally about horses, might need a...

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Aleph Alpha Secures $500 Million in Funding to Challenge OpenAI
Aleph Alpha Secures $500 Million in Funding to Challenge OpenAI
November 06, 2023  |  artificial intelligence

German startup Aleph Alpha has raised $500 million in a series B funding round, with support from major companies such as Bosch, SAP, and Hewlett...

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Tailoring AI Solutions by Industry Key to Scalability
Tailoring AI Solutions by Industry Key to Scalability
November 06, 2023  |  artificial intelligence

Generative artificial intelligence (AI) systems are only as good as the data they’re trained on. And complicating matters is that the training data sets for...

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Chinese AI Unicorn 01.AI Claims to Rival Meta’s Llama 2
Chinese AI Unicorn 01.AI Claims to Rival Meta’s Llama 2
November 06, 2023  |  artificial intelligence

Chinese artificial intelligence (AI) startup 01.AI has reportedly reached unicorn status less than eight months after launching. The company, founded by computer scientist and Google/Microsoft veteran Kai-Fu Lee,...

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There Are a Lot of Generative AI Acronyms — Here’s What They All Mean
There Are a Lot of Generative AI Acronyms — Here’s What They All Mean
October 17, 2023  |  artificial intelligence

Generative artificial intelligence (AI) represents an entirely new computing paradigm. To view large language models (LLMs) as merely chatbots is equivalent to thinking of early...

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Trade Ledger to Launch Beta Program for AI-Enabled Working Capital Solution
Trade Ledger to Launch Beta Program for AI-Enabled Working Capital Solution
October 11, 2023  |  artificial intelligence

Trade Ledger is now accepting applications from banks to join the beta program for its artificial intelligence-enabled Working Capital Copilot solution. This solution helps banks...

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Altman-Backed Slope’s Bid to Create GPT Business Payments
Altman-Backed Slope’s Bid to Create GPT Business Payments
October 10, 2023  |  artificial intelligence

The business-to-business (B2B) payments economy represents a $125 trillion opportunity for the right innovation to unlock. But those trillions of dollars being shuffled around between businesses...

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