Development of Large Language Models (LLM) involving ChatGPT and GPT4 is one of the most exciting technology breakthroughs in recent times. These advancements have tremendous potential to impact human lives for the better. Machines that can comprehend and communicate in human language have opened several opportunities across various industries, including education, finance, software, and healthcare.

An LLM is a type of artificial intelligence (AI) algorithm that uses deep learning techniques and massively large data sets to understand, summarize, generate, and predict new content. The term generative AI also is closely connected with LLMs, which are, in fact, a type of generative AI that has been specifically architected to help generate text-based content.

Traditionally, LLMs have focused on textual information. However, another kind of language model known as multimodal LLM exists. Unlike their text-only counterparts, multimodal LLMs can work with various other data formats, including images, audio, and video.

This opens tremendous opportunities for application of LLMs in healthcare. This is poised to create a lasting impact on humanity including domains such as medical image analysis, drug discovery, virtual nursing assistants. Of course, it also comes with its own set of ethical implications and perils.

Read this wonderfully researched and nuanced paper to find out more.