“Notwithstanding Anything Contained Herein”

A blog about financial agreements and language.

Goldilocks and the Three LLMs

Aug. 23, 2023, 11:03 a.m.

LLMs generate text creatively but also adhere to literal or factual information when prompted. By mixing creative variability with literal information, current on-the-market LLMs manipulate us into applying theory of mind to things that don’t have one. This manipulation is decisively to their advantage, but probably not the user’s.

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The Perilous Complexity of Information Extraction from Financial Contracts

March 7, 2021, 3:38 p.m.

A stark repeating pattern from my years of applying NLP to financial services is this: most seemingly straightforward information extraction tasks lure you with the sweet siren song of simplicity, allowing you to get just comfortable enough before the bottom falls out.

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