Cash News
Medicines
Writer, a leading provider of generative AI solutions, has recently introduced two new domain-specific models, Palmyra-Med and Palmyra-Fin, designed to revolutionize the healthcare and finance industries, respectively. These models are the latest additions to Writer’s family of large language models (LLMs) and have been specifically trained to address the unique challenges and requirements of their respective domains.
Palmyra-Med, the healthcare-focused model, has been trained on a vast amount of medical data, including PubMed abstracts and clinical medicine texts. This specialized training enables Palmyra-Med to comprehend and generate text with precise domain-specific accuracy and fluency, making it an invaluable tool for healthcare professionals. Palmyra-Med has achieved an average accuracy score of 85.9% across medical benchmarks, outperforming other models like Med-PaLM 2 and GPT-4. This performance includes a score of 81.1% on PubMedQA, a leading benchmark in biomedical question answering.
One of the key challenges in healthcare is the need for accurate and precise information. Palmyra-Med addresses this challenge by providing a reliable and trustworthy source of medical knowledge. Its ability to analyze and summarize complex medical reports, extract key information and generate concise, structured summaries makes it an essential tool for healthcare professionals. Additionally, Palmyra-Med can help enhance patient outcomes by providing personalized treatment plans, identifying potential health risks and streamlining clinical decision-making.
Palmyra-Fin, on the other hand, is designed to meet the unique needs of the finance industry. This model has been fine-tuned on an extensive collection of high-quality financial data, enabling it to comprehend and generate text with precise, domain-specific accuracy and fluency. Palmyra-Fin has achieved state-of-the-art results across various financial datasets, including financial document analysis, market trend prediction and risk assessment. Notably, Palmyra-Fin scored 73% on the multiple-choice section of a CFA Level III sample test, outperforming other models such as GPT-4.
In finance, accuracy and speed are crucial. Palmyra-Fin addresses these challenges by providing a reliable and efficient source of financial knowledge. Its ability to analyze and summarize complex financial reports, extract key information and generate concise, structured summaries makes it an essential tool for financial professionals. Additionally, Palmyra-Fin can help enhance financial decision-making by providing advanced entity recognition, identifying key financial concepts and extracting insights from financial reports.
Both Palmyra-Med and Palmyra-Fin are built on Writer’s proprietary LLM architecture, which provides a scalable and efficient solution for enterprises. Unlike larger LLMs, Palmyra models are designed to be compact and efficient, making them more accessible to a wider range of organizations. Additionally, Writer’s commitment to transparency and security ensures that customers have full control over their data and can deploy the models in a secure and compliant manner.
Writer has partnered with NVIDIA to make Palmyra-Med and Palmyra-Fin available as NVIDIA NIM inference microservices, allowing for fast deployment and improved performance. The models have seen improved performance from NVIDIA AI software, with optimizations using NVIDIA TensorRT-LLM reducing inference latency by 23% and 30%, respectively and increasing the rate of token return by approximately 60% for both. This partnership enables customers to access the models through the NVIDIA API catalog, making it easier to integrate them into their applications.
Writer’s Palmyra-Med and Palmyra-Fin are powerful tools that have the potential to transform the healthcare and finance industries. These domain-specific models provide accurate, reliable and efficient sources of knowledge, enabling professionals to make better decisions and improve outcomes. With their compact and efficient architecture, Palmyra models are accessible to a wider range of organizations, making them an essential tool for any organization looking to leverage the power of generative AI.
The introduction of Palmyra-Med and Palmyra-Fin from Writer marks a significant milestone in the development of domain-specific LLMs. These models have the potential to revolutionize the healthcare and finance industries by providing accurate, reliable and efficient sources of knowledge.