<p>Large language models (LLM) are actively penetrating various fields, including finance. The most significant challenge in creating financial LLMs (FinLLM) is access to quality financial data. Some paid models, such as BloombergGPT, leverage their advantage in accumulating unique data, highlighting the need for an open-source alternative.</p>
<p>In a new paper, researchers introduced FinGPT - an open large language model for the financial industry. Unlike paid models, FinGPT adopts a data-driven approach, providing researchers and practitioners with accessible and transparent resources to develop their FinLLMs.</p>
<p>Practical applications include creating automated trading robots, predicting financial outcomes, and assisting in financial decision-making.</p>
<p>Bonus: YouTube video on building a trading robot based on GPT ▶️<a href="https://www.youtube.com/watch?v=fhBw3j_O9LE">https://www.youtube.com/watch?v=fhBw3j_O9LE</a></p>;
<p>📝 Paper: <a href="https://arxiv.org/abs/2306.06031">https://arxiv.org/abs/2306.06031</a></p>;
<p>👨💻 Github: <a href="https://github.com/AI4Finance-Foundation/FinGPT">https://github.com/AI4Finance-Foundation/FinGPT</a></p>;
<p>#ai #gpt #llm #bloomberggpt #finllm</p>
