Ernest Chan – Generative AI for Asset Managers Workshop Recording

About Course
Workshop Overview
Day 1:
Exploring Generative AI and Large Language Models (LLMs) in Asset Management

In depth look, into the applications of LLMs such as BARD, ChatGPT in the industry.
Utilizing LLMs to develop trading approaches.
Practical session; Converting data into signals for high frequency trading.

Day 2:
Advanced Strategies and Real World Uses

Informal Conversation with Lisa Huang
Discussion, on design and methods to manage risks associated with LLMs.
Enhancing trading tactics with detailed sentiment analysis through LLMs.
Hands on activity; Testing trading strategies and exploring how LLMs could transform asset management practices.

 
Workshop Outline
01 Exploring Big Language Models (BLMs) & Pre trained Generative Transformers (PGT)

Getting familiar, with BLMs like BARD, ChatGPT and other advanced language models
Common Uses of BLMs
Understanding the functionality of BLMs
Accessing BARD/PaLM online using their API

02 Developing Software

Introduction to Prompt Design
Creating software, for tasks like writing text summarizing content and more.
Exploring few shot learning, with BARD
Introduction to embeddings and their significance
An overview of the BARD embeddings API. How it is utilized

03 Risks Linked with Language Models (LLMs)

Recognizing risks associated with LLMs, including hallucinations, bias, consent and security.
Strategies, for mitigating the risk of hallucinations, such as retrieval enhancement, prompt manipulation and self analysis.
Techniques for identifying and managing hallucinations, including reinforcement learning based on feedback (RLHF) and model driven approaches.

04 Utilizing Language Models for Analyzing Federal Reserve Chairs Speeches

Reasons for selecting the BARD family over LLMs.
Assessment of BARDs performance.
Enhancing performance through embeddings.
Practical demonstration; evaluating sentiment scores on companies using embeddings.
Test data; Video recordings of the Federal Reserve Chairs press conferences.
Conducting an analysis of a trading strategy based on the sentiment analysis provided by an LLM.

05 Implementation of Language Models in Real world Scenarios

Practices for deploying LLMs in production environments.
Overview of models, like ChatGPT, BART, Cohere, Alpaca, etc.