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Glossary Technology & AI

Large language model

A model trained on vast amounts of text to predict what comes next, which turns out to produce fluent writing, translation and summarisation. Fluency is not accuracy, and the two come apart regularly.

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Regulator

A public body that writes and enforces detailed rules within an area the legislature has assigned…

On background

Information that may be published but not attributed by name, usually described instead by role, such…

Futures contract

An agreement to buy or sell an asset at a set price on a set date.…

Short selling

Borrowing an asset, selling it, and hoping to buy it back cheaper. Losses are theoretically unlimited,…

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