GPT-3 and the actuarial landscape

Oliver Wyman
arc beats above · slides in the middle · loops below · scroll → 3 LOOPS
SETUP TENSION ANALYSIS EVIDENCE RESOLUTION APPENDIX
HOVER FOR DETAILS · CLICK A SLIDE FOR FULLSCREEN · STEP 2
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The slide highlights the convergence of data availability, hardware, software frameworks, and algorithmic innovation.establish_context
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The slide serves as an educational visual aid for a machine learning presentation.establish_context
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The slide provides the standard OLS (Ordinary Least Squares) formulas for linear regression, though the title mentions 'Gradient Descent' which is an alternativpresent_framework
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The slide uses a standard linear regression example to illustrate basic ML concepts.present_framework
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The slide explains the derivation of beta coefficients for a simple linear regression model.present_framework
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The slide sets up a transition from closed-form solutions to iterative optimization.transition
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The slide contrasts the iterative nature of gradient descent (no closed-form formula for coefficients) with the model structure and cost function.present_framework
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The slide illustrates the iterative nature of gradient descent by showing a poor initial fit (red line) for the data points.present_framework
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The slide illustrates the iterative nature of gradient descent by showing a poor initial fit (red line) for the data points.present_framework
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The slide uses a structured layout to define model components (structure, cost function, coefficients, resulting model) and shows the resulting regression line present_framework
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The slide uses a node-link diagram to illustrate the mathematical structure of three different machine learning models.present_framework
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The slide illustrates the difference between a single sigmoid output node (binary/single-label) and multiple sigmoid output nodes (multi-label/multi-class) in apresent_framework
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The slide illustrates a standard feed-forward neural network with an input layer, two hidden layers, and an output layer, specifically applied to the Iris dataspresent_framework
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Explains the technical process of how GPT models convert text to tokens and predict the next token as a classification task.present_framework
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Explains the mechanism of adding positional encoding vectors to word embedding vectors to preserve sequence information.present_framework
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The slide uses a simple linguistic example to explain the concept of self-attention in AI models.present_framework
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This slide illustrates the core linear algebra operations (matrix multiplication) used in the Transformer architecture's attention mechanism.present_framework
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The slide explains the mathematical steps of the self-attention mechanism in transformer models.present_framework
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The slide uses a direct screenshot of a ChatGPT interface to illustrate the capabilities of transformer architecture.illustrate_case
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The diagram maps the standard Transformer architecture (Attention is All You Need) to a specific example involving actuarial text processing.present_framework
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The slide illustrates the reduction in required demonstrations as models move from fine-tuning to zero-shot learning.present_framework
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The slide uses a circular process diagram to represent a linear 4-step sequence.present_framework
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The slide shows a side-by-side comparison of a Jupyter notebook environment and the GitHub Copilot suggestion interface.illustrate_case
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The slide shows a two-column layout: left side details data loading steps, right side provides Python code for plotting histograms with average target overlays.illustrate_case
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The slide demonstrates a specific use case for LLMs in technical workflows.illustrate_case
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diagnose
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establish_context
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summarize
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front_matter
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