HKUST launches InvestLM Generative AI Platform, capable of handling finance-related GenAI tasks
Following the successful development of InvestLM — Hong Kong's first open-source large language model (LLM) for financial generative AI (GenAI) applications, the School of Business and Management of the Hong Kong University of Science and Technology (HKUST Business School) has just launched the InvestLM Generative AI Platform, which will be opened for free registration to the financial services industry in phases. The platform is capable of handling finance-related GenAI tasks and generating human-like responses comparable to those of well-known general-purpose chatbots.
The InvestLM Generative AI Platform is designed to support the local financial services industry, particularly small- and medium-sized financial firms, in harnessing the potential of GenAI technology. Effective immediately, local financial institutions may visit the platform's website and register as free users. The initial phase will offer a limited number of user accounts, considering potential user demand and system capacity.
InvestLMhas been optimized for analyzing and generating financial text. This enhancement aims to improve the efficiency of finance and investment professionals in tasks such as summarizing financial news and reports, conducting market sentiment and topic analysis, answering financial tabular questions, performing ESG (environmental, social, and governance) analysis and more.
Prof. TAM Kar-Yan, Vice-President for Administration and Business and Chair Professor of Information Systems at HKUST, said, "AI application can potentially enhance the efficiency of the financial services industry. The new InvestLM Generative AI Platform reflects HKUST's commitment to promoting the wider use of GenAI in the financial services industry, particularly the small- and medium-sized enterprises, many of whom are resource-constrained to undertake related service development. The platform will provide an educational and testing venue for those enterprises to explore and evaluate the potential of generative AI solutions."
The InvestLM research team appreciates the support and collaboration of various public and private sector organizations in launching this platform within the financial services industry. Among the various collaborations, engagement sessions will be co-hosted with the Hong Kong Monetary Authority to familiarize the banking sector with the InvestLM Generative AI Platform.
Related News:
HKUST and PolyU consult on govt's proposal of establishing a third Faculty of Medicine
Comment