15min chapter

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Goldman Sachs CIO on How the Bank Is Actually Using AI

Odd Lots

CHAPTER

AI Innovations in Banking

This chapter discusses how a financial institution is harnessing artificial intelligence to analyze unstructured data and enhance client interactions. It highlights techniques like embeddings and retrieval augmented generation for improving AI model performance, alongside the importance of governance and data security in the ethical use of AI. Additionally, challenges around hardware and energy constraints in building compute platforms are addressed, showcasing the delicate balance between model size and processing efficiency.

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