Context: Global companies are increasingly adopting Large Action Models (LAMs) to streamline operations and reduce costs.
What are LAMs?
LAMs are advanced AI models that can understand complex goals communicated in natural language and autonomously perform tasks in the real world. They go beyond generating and interpreting text like ChatGPT and can handle tasks like vacation planning, job application automation, and personalized content creation.
Examples include automating claims processing in insurance firms, enhancing customer interactions in airlines, and boosting sales conversions in retail through personalized recommendations. LAMs are expected to become integral to businesses, similar to SAAS applications or hyper-scale cloud enablement, and may lead to job displacement but also create new roles and opportunities.
Source: TH
