What are General World Models (GWMs) and how to use them in Finance?

Last weekend, I was learning about General World Models (GWM) from an article that an AI expert posted in the AI Finance Club — a community of Fractional CFOs, FP&A Leaders and finance professionals learning how to leverage artificial intelligence (AI) in Finance together.

AI Finance Club

This is what I learnt:

What are General World Models (GWMs)?

General World Models (GWMs) are a concept in artificial intelligence and machine learning that refers to models capable of understanding, interpreting, and interacting with the world in a generalized way.

These models aim to integrate and synthesize knowledge from a wide range of sources and domains to form a comprehensive understanding of the world and its dynamics.

Prompt: A detailed digital illustration of a General World Model for finance, featuring a futuristic AI interface with complex data visualizations, graphs, and financial charts. The interface includes global economic maps, stock market trends, and currency exchange rates, displayed on multiple screens within a high-tech control room.

The key characteristics and goals of GWMs include:

• Generalization Across Domains: Unlike specialized models that excel in specific tasks or domains, GWMs are designed to perform well across a broad range of tasks and areas of knowledge.
• Understanding Context and Causality: GWMs strive to…