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AI Extracts Data from 80% of Business Documents for Matchmaking

AI technology, specifically Large Language Models (LLMs), now efficiently extracts data from business documents like legal contracts, invoices, financial reports, and resumes. This capability allows for the creation of matchmaking and recommendation systems. For instance, in recruitment, AI can match job seekers with employers by analyzing resumes and job descriptions. In the legal field, AI helps in matching cases with relevant precedents or laws. Moreover, AI aids in financial matchmaking by aligning investment opportunities with investor profiles. The technology’s accuracy in extracting relevant information has reached about 80%, significantly enhancing the efficiency of data-driven decision-making processes across various industries.

Source: towardsdatascience.com

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