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Is Scaling the Only Path to AI Supremacy? This AI Paper Unveils ‘Phantom of Latent for Large Language and Vision Models

Large language and vision models (LLVMs) face a critical challenge in balancing performance improvements with computational efficiency. As models grow in size, reaching up to 80B parameters, they deliver impressive results but require massive hardware resources for training and inference. This issue becomes even more pressing for real-time applications, such as augmented reality (AR), where…

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How to automate insurance underwriting

Traditional (manual) underwriting processes often struggle to keep pace with the growing complexity of modern risk assessment, data collection, and policy management. 🧐 According to a McKinsey report, manual underwriting processes can increase operational costs by up to 40% and extend the underwriting cycle time by several days to weeks!Scaling traditional underwriting operations becomes…

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How to convert PDF to CSV?

PDFs are a great choice for viewing, sharing and preserving data - the perfect file format to lock in data. But extracting data from PDFs for further processing or data analysis can be extremely challenging. This is one of the main reasons that PDF documents are often converted to the CSV (Comma-Separated Values) format. It's…

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How to Use AI in Bank Statement Processing

VIn today's complex financial landscape, businesses are drowning in a sea of bank statements. In 2022, a staggering 98.6% of Americans held transaction accounts, generating an unprecedented volume of financial data. For businesses processing thousands of bank statements daily—from insurance companies to financial institutions, bank statement processing presents a challenge and an even bigger…

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What is lease abstraction? Overview and Techniques

Managing multiple lease agreements in the real estate world can be overwhelming. These documents are often lengthy—sometimes running over 100 pages—making it challenging to grasp the key points quickly. Not just that, they are filled with legal jargon and clauses requiring specialised knowledge, making manual data extraction time-consuming, error-prone and generally inefficient. That’s where lease…

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