Part 1/12:
The Impact of Large Language Models on Finance
In recent years, the financial sector has undergone a significant transformation owing to advancements in technology, particularly in the realm of Artificial Intelligence (AI). Among these technological innovations, Large Language Models (LLMs) have emerged as pivotal players in reshaping how financial professionals analyze data, assess risks, and make informed decisions. Andrew Lo, a professor at MIT Sloan School of Management and principal investigator at MIT’s Computer Science and AI Lab, provides critical insights on the role of LLMs in finance, addressing various dimensions such as risk assessment, trust, and ethical considerations.