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Fancy. Apparently I am using foundation models since 2015 for batch processing. TBH. This article is a bit light on details. I would have expected more from a
by jsemrau 4y ago
Fancy. Apparently I am using foundation models since 2015 for batch processing.
TBH. This article is a bit light on details. I would have expected more from a post published on a Stanford site. Sounds more like a Business Insider article.
- helsontaveras18 4y agoAgreed. I was a little surprised when they said batch processing for financial systems was a use case for foundational models. Financial data requires a high degree of accuracy and graceful handling of many edge cases. But then they explained that one could use these models to generate the code that would process the financial data. Sounds interesting, but yes the question is how do you validate this? Do humans write the test cases to ensure that, for example, ACH files are being processed accordingly? What about edge case detection? Self-correction in real-time? Many questions left unanswered.
- mike_hearn 4y agoThe financial system is run off batch jobs, so that's not a problem. Banking has long experience with automating messy previously manual systems. Think message queues everywhere with diversion to teams of humans to patch up data entry errors. This is one reason why banking still isn't as 24/7 as you might expect.
- ShamelessC 4y agoWasn’t the phrase foundation models just coined like 2 years ago?