AI - OrbitMoonAlpha

Financial Firms Build Custom LLMs to Analyze Documents

January 5, 2024 / 3 minutes of reading

Financial consulting firms like JPMorgan are developing their own specialized large language models (LLMs) to analyze documents and data. General LLMs like ChatGPT struggle with accurately interpreting complex financial filings, only achieving a disappointing 79% accuracy on SEC filings. This poor performance on mission-critical documents has pushed financial firms to create customized LLMs specialized for […]

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小冰 Xiaoice AI Announces Official Registration and Launch of Large Language Models

January 4, 2024 / 2 minutes of reading

Xiaoice, an AI company, today announced the successful domestic registration of its “Xiaoice Large Model” last December. Combined with Rinna, Xiaoice’s large model that has topped rankings in official overseas evaluations like in Japan, Xiaoice has quietly implemented self-developed large model products of varying parameters and applications, partially completing the commercial validation of the new

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How AI Models Like ChatGPT Could Reshape the Legal Industry

January 4, 2024 / 6 minutes of reading

New advances in artificial intelligence tend to be followed by anxieties around jobs. This latest wave of AI models, like ChatGPT and OpenAI’s new GPT-4, is no different. First, there was the launch of the systems. Now, there are predictions of automation. In a report released this week, Goldman Sachs predicted that AI advances could

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Naughty Mickey: How AI Art Pushes Copyright Boundaries with Steamboat Willie

January 4, 2024 / 4 minutes of reading

On January 1st, 2024, Mickey Mouse entered the public domain in a landmark moment for copyright law, AI art, and popular culture. Specifically, the early Steamboat Willie incarnation of Mickey is now free from intellectual property restrictions after Disney lobbied extensively to prolong protections on their iconic character. This has ushered in an explosion of

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The Rise of AI Coding Teachers – How GPT-4 Fast-Tracked Beginners to Advanced Coders

January 4, 2024 / 3 minutes of reading

Recent tweets by Josh Olin, founder of WeGPT.ai, highlighted how GPT-4 enabled him to build web requests and applications using Python despite having no prior coding knowledge. Over seven months starting last April, Olin used GPT-4 to create the fundamental capability of fetching HTTP data from an API endpoint. The resulting code was put in

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JPMorgan Unveils DocLLM – A New AI Model for Understanding Documents

January 4, 2024 / 2 minutes of reading

JPMorgan has introduced a new AI model called DocLLM that is designed to understand and analyze documents spanning various formats like forms, invoices, reports and contracts. DocLLM stands out from other multimodal language models in its strategic focus on lightweight spatial layout information instead of expensive image encoders. JPMorgan’s DocLLM Brings Multimodal Intelligence to Document

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AI Copycats Spark Heated Debate Between New York Times and Tech Giants

January 3, 2024 / 3 minutes of reading

The New York Times recently filed a lawsuit against OpenAI and Microsoft for copyright infringement, claiming the companies’ use of millions of articles to train AI models threatens the Times’ business model. This complaint comes after similar ones from creators such as comedian Sarah Silverman regarding the unauthorized use of copyrighted content. The case centers

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How Alibaba Lost Its Crown in China’s Tech Industry

January 2, 2024 / 8 minutes of reading

Once Asia’s most valuable company, Alibaba has fallen behind rivals amid a chaotic restructuring. The group has suffered a series of regulatory setbacks, U-turns over strategy and declining staff morale. Nothing highlights Alibaba’s current problems more than the extraordinary wake-up call from Jack Ma, who founded China’s ecommerce pioneer back in 1999. “I firmly believe

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2024 Business Trends to Watch: AI, Defense Spending

January 2, 2024 / 4 minutes of reading

Business Trends : AI The biggest tech story of 2024 will likely be artificial intelligence (AI) and whether the new generative systems are ready for widespread adoption beyond tech companies. Major consumer internet firms like Google and Microsoft are already actively embedding AI into their free services. However, it is still unclear whether average consumers

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Hyper-Realistic Virtual Influencers Disrupt Human Content Creators’ Livelihoods

January 1, 2024 / 3 minutes of reading

Aitana Lopez is an artificially intelligent (AI) generated influencer with over 200,000 social media followers. She posts selfies and partners with brands like Olaplex and Victoria’s Secret, earning around $1,000 per sponsored post – despite not actually existing. Aitana is one of hundreds of fictional “virtual influencers” created using AI tools that have entered the

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