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Bloomberg has introduced a new large-scale artificial intelligence (AI) model, BloombergGPT, which has been specifically trained on financial data to support a diverse set of natural language processing (NLP) tasks within the financial industry. BloombergGPT will unlock new opportunities for using the vast quantities of data available on the Bloomberg terminal to better help the firm’s customers, while bringing the full potential of AI to the financial industry. The Organisation for Economic Co-operation and Development has urged governments, financial regulators and businesses to step up their efforts to address the challenges posed by AI.