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This capability means that LLMs could play a substantial role in asset management, enabling traders to ascertain how news sentiments may affect market fluctuations. As retail investors access these sophisticated tools, they may be empowered in ways previously available only to institutional investors.
Addressing Biases and Ethics in LLMs
As LLMs are adopted into the financial sector, issues concerning bias and ethical application must be adequately addressed. Existing biases within LLMs, often reflective of historical data they are trained on, can affect outcomes and policies derived from these models. Thus, it is vital to identify and quantify these biases systematically before attempting to mitigate them.