Wall Street hesitates on synthetic data as AI push gathers steam
Deutsche Bank and JP Morgan have differing opinions on the use of synthetic data to train LLMs.
In September 2022, Deutsche Bank’s Corporate Venture Capital group made an investment in Synthesized, a UK-based synthetic data company. At the time, the companies said that through synthetic, non-traceable versions of original datasets, the platform would enable the bank to rapidly experiment with large datasets for AI and machine-learning use cases.
Three years later, Deutsche Bank’s enthusiasm for using synthetic data in large language model training is waning. Nichola Hammerton, head of group
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