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Following the successful development of InvestLM — Hong Kong's first open-source large language model (LLM) for financial generative AI (GenAI) applications, the School of Business and Management of the Hong Kong University of Science and Technology (HKUST Business School) has just launched the InvestLM Generative AI Platform, which will be opened for free registration to the financial services industry in phases. The platform is capable of handling finance-related GenAI tasks and generating human-like responses comparable to those of well-known general-purpose chatbots.

A research team at the School of Business and Management of The Hong Kong University of Science and Technology (HKUST Business School) has developed InvestLM — Hong Kong's first open-source large language model (LLM) for financial generative AI (GenAI) applications, capable of generating investment-related, human-like responses comparable to those of well-known commercial chatbots, including OpenAI's ChatGPT. InvestLM’s model parameters[i] and the insights from its development process have been made publicly available to support industry practitioners and researchers in deploying LLM-related technology.

The collaboration represents the latest efforts of the academia and private sector in support of the exploration and experimentation of a CBDC in Hong Kong.