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What a language model actually does

Predicting a word, hallucinating without flagging it, grounding on documents, specialising, acting on the world: nine questions on the mechanism itself, before arguing about its risks, and on what an insurer should be looking at.

9 questions · 11 min · Fundamentals

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A firm uses a large language model to pre-analyse insurance contracts. The summaries read well, but the model sometimes introduces clauses that do not exist. What task is the model actually performing?

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Every question, its answer and the reasoning

Every answer and its explanation appears here once you have finished the path. Each one then links to the matching glossary entry, where the concept is set out in full with its worked example.