Balancing AI Costs And Performance: Strategies For Running LLMs In Financial Services

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Balancing AI Costs And Performance: Strategies For Running LLMs In Financial Services

//business-finance.news-articles.net/content/202 .. gies-for-running-llms-in-financial-services.html

Published in Business and Finance on Monday, March 17th 2025 at 23:41 GMT by Forbes

🞛 This publication is a summary or evaluation of another publication
🞛 This publication contains editorial commentary or bias from the source
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The article from Forbes Tech Council, published on March 17, 2025, discusses strategies for managing the costs and performance of Large Language Models (LLMs) in the financial services sector. It highlights the dual challenge of harnessing AI's potential while controlling the significant computational expenses involved. Key strategies include optimizing model architecture for efficiency, employing techniques like quantization and pruning to reduce model size without sacrificing accuracy, and using hybrid models that combine smaller, specialized models with larger, general-purpose ones. The article also emphasizes the importance of data management, suggesting that financial institutions should focus on high-quality, relevant data to train models more effectively. Additionally, it explores the use of edge computing to reduce latency and costs, and discusses the potential of federated learning to enhance privacy and reduce data transfer costs. Finally, the piece touches on the need for continuous monitoring and adjustment of AI systems to balance performance with cost, ensuring that financial services can leverage AI's benefits while maintaining fiscal responsibility.

Read the Full Forbes Article at:
[ https://www.forbes.com/councils/forbestechcouncil/2025/03/17/balancing-ai-costs-and-performance-strategies-for-running-llms-in-financial-services/ ]