New AI-Based GPT Extended Language Model for Banking Increases Competitiveness for Financial Services Institutions and Enables Accelerated Digital Transformation in Weeks, Not Years | Nation/World
PALO ALTO, Calif.–(BUSINESS WIRE)–February 23, 2022–
SambaNova Systemsthe company providing the industry’s only comprehensive software, hardware and solutions platform for running AI and deep learning applications, announces SambaNova GPT Banking, the first solution purpose-built for the financial services industry, enabling banks to create a clear separation from the AI market by reviving their deep learning capabilities in weeks, not years.
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“GPT Banking has the potential to transform almost every aspect of banking, from improving operations to managing risk and compliance,” says Rodrigo Liang, CEO and co-founder of SambaNova. “Customers tell me they are very excited about GPT Banking’s ability to truly personalize the customer experience, with richer insights that allow them to understand changing customer needs.”
There is a deep learning deployment gap in the banking sector, which prevents financial services companies from building and deploying AI models quickly enough to meet their business needs – SambaNova GPT Banking has solved this problem: “On average, it takes banks 18 months to hire a skilled data science team, build the infrastructure, train and deploy a large language model.By the time they are ready to deploy, the institution model is outdated, as the size of the base model will have increased 10x over the year and the compute requirements will have changed dramatically,” said Marshall Choy, SVP of Product at SambaNova Systems.
“We created GPT Banking to improve banks’ competitiveness and efficiency while accelerating their digital transformation,” Liang said. “AI is the fastest and most cost effective tool to do this today and our service can be deployed and delivering value in weeks.”
GPT Banking is designed for major bank language models and is offered as a subscription service to simplify the process of deploying the most advanced language models in a fraction of the time.
Banks can leverage technology to perform:
- Sentiment analysis: analyze social media, press and blogs to understand market, investor and stakeholder sentiment.
- Entity recognition: reduce human error, file documents and reduce manual/repetitive work.
- Language generation: process, transcribe and prioritize complaints, extract the necessary information and create documents to improve customer satisfaction.
- Language translation: linguistic translation to expand the clientele.
Join Dan Faggella, CEO of Emerj Artificial Intelligence Research; Nicole Hemsoth, Associate Editor, Situation Publishing (The Register, The Next Platform, Blocks & Files, DevClass) and SambaNova’s SVP of Product, Marshall Choy, February 24, 2022, 4:00 p.m. GMT, 11:00 a.m. EST, 8:00 a.m. PST. register here.
About SambaNova’s Dataflow-as-a-Service TM GPT
SambaNova’s flagship offering, Dataflow-as-a-Service, is an extensible AI services platform and enables organizations to launch AI initiatives overnight by augmenting existing capabilities and staffing. personal with a simple subscription. The platform is powered by DataScale®, an integrated software and hardware platform offering unparalleled performance, accuracy, scalability and ease of use, based on SambaNova’s Systems™ Reconfigurable Dataflow Architecture .
In February 2022, test results showed that SambaNova offers the highest training performance for GPT. Dataflow-as-a-Service TM GPT, the basis of the GPT Banking service, delivers 2.1x faster training, performance and throughput than Nvidia. Although SambaNova is the fastest, speed is not what matters, what matters is getting the best response. SambaNova measures success by the value delivered to customers, who achieve real and transformational business impact through AI.
As AI becomes a business necessity in the global economy, customers need end-to-end solutions that can operate at scale in a financially viable way. With a complete integrated system, including the best AI models, software and hardware, SambaNova provides the most extensive, accessible and impactful AI applications in the world. To learn more about SambaNova’s Dataflow-as-a-Service™ for language with GPT, visit: https://sambanova.ai/solutions/gpt/.
About SambaNova systems
The AI is here. With SambaNova, customers deploy the power of AI and deep learning in weeks rather than years to meet the demands of the AI-enabled world. SambaNova’s flagship offering, Dataflow-as-a-Service TM, is a purpose-built end-to-end solution for AI and deep learning that overcomes the limitations of legacy technology to power the large and complex models that enable customers to discover new opportunities, to generate new income. and increase operational efficiency. Based in Palo Alto, CA, SambaNova Systems was founded in 2017 by industry luminaries and hardware and software design experts from Sun/Oracle and Stanford University. Investors include SoftBank Vision Fund 2, funds and accounts managed by BlackRock, Intel Capital, GV, Walden International, Temasek, GIC, Redline Capital, Atlantic Bridge Ventures, Celesta and several others. For more information, visit sambanova.ai or contact us at [email protected] Follow SambaNova Systems on LinkedIn.
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KEYWORD: CALIFORNIA BRAZIL UNITED STATES UNITED KINGDOM SOUTH AMERICA NORTH AMERICA EUROPE GERMANY
INDUSTRY KEYWORD: PROFESSIONAL SERVICES TECHNOLOGY FINANCE BANKING SOFTWARE HARDWARE
SOURCE: SambaNova Systems
Copyright BusinessWire 2022.
PUBLISHED: 02/23/2022 08:00 AM / DISK: 02/23/2022 08:02 AM
Copyright BusinessWire 2022.