4min chapter

The AI in Business Podcast cover image

What Large Language Models Mean for Insurance - with Gero Gunkel of Zurich Insurance

The AI in Business Podcast

CHAPTER

The Importance of Large Language Models in Document Processing

If it's a 30 page paper or even something time consuming for a human being, then you would want to use a large language model. My general guidance would be if you want to extract lots of information from documents, large language models shine a lot. But again, if you just want to differentiate different kind of documents, so is this a claims document or an underwriting document, for this, you could use much simpler algorithms that are also then much simpler to configure and deploy. And lastly, the underlying data is important because ultimately, it doesn't really matter if you use a state of the art, a large languagemodel or a really really simple model. If the data are not

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