Source: TechCrunch
HerculesAI (formerly Zero Systems) has been working at automating professional services since 2017, originally concentrating on the legal industry. As part of that, it has actually been building large language models (LLMs) for several years, long before the idea entered the public consciousness. As such, it found itself in the right place at the right time when ChatGPT popped onto the scene in late 2022, and suddenly everyone was talking about LLMs.
Alex Babin, company CEO and co-founder, says that they had been working on small models since around 2020, with half a billion parameters to 2 billion parameters, and running them on edge devices for compliance purposes. Today, the company has several models performing three key functions: intelligent data extraction, data transformation and data verification. The first is pretty standard and involves pulling data from documents. The second part builds a set of rules and structures around that data automatically, but the third part, verification, is particularly important, he says.
“It’s really the holy grail when you can compare information extracted and then transform it to the source of truth, whether that’s regulations, policies, contracts, laws or anything,” Babin said. That ensures that any issues that conflict with the source materials are flagged for employees automatically.
Read the full article: https://techcrunch.com/2024/07/11/herculesai-has-been-working-with-llms-long-before-it-was-cool/
