Bloomberg has developed a machine learning model, BloombergGPT, which applies AI techniques to financial datasets. The product could provide an entirely new way of doing financial research.<p>The model uses proprietary and curated datasets, including financial news, company financial filings, and press releases.<p>The Bloomberg data used for training spans from March 1, 2007 through July 31, 2022.<p>Training for the BloombergGPT model required approximately 53 days of computations run on 64 servers<p>Use cases include:<p>1/ generating an initial draft of an SEC filing<p>2/ summarizing a blurb containing financial content into a headline<p>3/ providing a company chart of an organization and linkages between an individual and multiple companies<p>4/ automation of generation of draft routine market reports and summaries for clients<p>5/ retrieval of specific elements of financial statements for specific periods via a single prompt