Bloomberg has developed BloombergGPT, a large-scale generative artificial intelligence model specifically trained on a wide range of financial data to support a diverse set of natural language processing tasks within the financial industry.
BloombergGPT will significantly improve financial NLP tasks such as sentiment analysis, named entity recognition, news classification, and question answering, among others, as well as unlocking new opportunities for marshalling vast quantities of data to better help the firm's customers. It outperforms open models of a similar size on financial tasks by large margins, while still performing just as well, if not better, on general LLM benchmarks.
Bloomberg has been a trailblazer in artificial intelligence, machine learning, and natural language processing in finance for more than ten years.