Large Language Model

Definition

A type of neural network trained on vast corpora of text data, capable of generating human-like text, answering questions, summarising documents, and performing reasoning tasks. Large language models such as GPT and Claude represent significant R&D investment and are reshaping knowledge work, customer service, and content production across industries.

Related Terms

Labour Productivity Labour Share of Income Lead Investor Leverage Ratio Leveraged Buyout (LBO)

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