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Generative AI for Financial Term Sheet Generation
Blog post from AI21 Labs
Post Details
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Date Published
Author
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Word Count
2,883
Language
English
Hacker News Points
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Summary
AI21's Generative AI models, Jamba-Instruct and Contextual Answers, are designed to automate and streamline the term sheet creation process for financial institutions (FIs). The solution leverages a two-step process: information extraction using AI21's Contextual Answers model and term sheet generation with Jamba-Instruct Foundation Model. This approach not only saves time but also enhances the reliability and accuracy of financial agreements, making it essential for success in the complex world of finance.