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Demystifying AI Acronyms: Understanding LLM, NLU, NLP, GPT, Deep Learning, Machine Learning, Virtual Assistants, and RPA

Natural language processing in insurance Institute and Faculty of Actuaries The limitation here is this chatbot will not recognise even the smallest query variation, this results in a dead-end response without the capability to further attempt to understand what a customer is asking. For customers, chatbots provide familiarity, convenience and instant access to relevant information …

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