Actuaries Institute Podcast cover image

Actuaries Institute Podcast

Enhancing Businesses with Large Language Models and ChatGPT

Dec 5, 2023
Guests discuss the efficiency and growth potential of AI capabilities like ChatGPT and LLMs. They explore leveraging AI for better customer service and decision support, addressing challenges of data security and workforce adaptation. They also discuss balancing AI tools with human expertise and provide tips on implementing AI with a forward-thinking mindset.
28:48

Podcast summary created with Snipd AI

Quick takeaways

  • Large language models like ChatGPT and LLMs offer opportunities for efficiency, growth mindset, and better customer outcomes.
  • Implementing large language models requires starting with the problem businesses want to solve, getting stakeholders excited, and balancing them with human expertise.

Deep dives

Adopting Large Language Models for Business Communications

Large language models like Chagibiti are revolutionizing business communications, and businesses are utilizing them in various ways. Sam, the CEO of CuriousThingsAI, started using large language models like BERT and Chagibiti for their voice AI product, automating outbound phone calls. Victor, a Product Analytics Executive at Quantium, highlighted four focus areas for using large language models: customer service, decision support, interpreting information, and understanding feedback. Jackie, the Head of Finance at NIB Travel, mentioned using large language models for improving customer service, converting unstructured text data, and enhancing business intelligence. These models offer opportunities for efficiency, growth mindset, and better customer outcomes, but businesses need to consider challenges like data security, resistance to change, and addressing foundational issues before implementing large language models.

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode