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Transforming Businesses With LLMs: Risks And Use Cases

The article from Forbes Technology Council, published on December 10, 2024, discusses the transformative potential of Large Language Models (LLMs) in businesses, highlighting both their use cases and associated risks. LLMs are being utilized for enhancing customer service through chatbots, automating content creation, aiding in decision-making processes, and improving data analysis capabilities. They enable businesses to personalize customer interactions, streamline operations, and innovate product development. However, the adoption of LLMs comes with significant risks including data privacy concerns, as these models require vast amounts of data which could be sensitive; potential biases in AI outputs that could lead to unfair or discriminatory decisions; the high computational costs involved; and the challenge of ensuring the accuracy and reliability of AI-generated content. The article emphasizes the need for robust governance frameworks, ethical AI practices, and continuous monitoring to mitigate these risks while maximizing the benefits of LLMs in transforming business operations.

Read the Full Forbes Article at:
[ https://www.forbes.com/councils/forbestechcouncil/2024/12/10/transforming-businesses-with-llms-risks-and-use-cases/ ]

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