This report in Forbes covers the research paper released earlier by Bloomberg introducing BloombergGPT, which applies ChatGPT-style machine learning techniques to financial datasets, those available in Bloomberg’s own vast repertoire and beyond.
Forbes‘s “back-of-napkin cost estimation” speculates that just the cost of Amazon Web Services cloud computing used to generate these models would have been to the tune of “$2.7 million to produce the model alone.”
After listing the datasets that were used to train these models, the report goes on to speculate about the uses that BloombergGPT could potentially be put to, like drafting Securities and Exchange Commission (SEC) filings, researching companies, individuals, and their linkages, drafting market reports and summaries, fetching financial statements etc.
Read the full Forbes report here. Read the Bloomberg announcement of BloombergGPT here.
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