Glossary · AI and technology
Large language model
Also called LLM
Definition
A large language model (LLM) is an AI model trained on large amounts of text that can read, summarise and write language. Data room providers use them to categorise documents, search by meaning, draft answers to buyer questions and flag issues. How the provider keeps your documents private from the model is a key question to ask.
Where large language model comes up
On this site, in our guides and in the conversations we've written up.
Podcast · Real Asset Media Thought Leaders Drooms CEO on longer deals, data sovereignty and running AI in-house Drooms CEO and co-founder Alexandre Grellier on why M&A deals now take over a year to close, why digital sovereignty (where data lives and who owns it) has become a defining issue under GDPR, and why Drooms runs its own large language… 
Video · SS&C Intralinks Cisco and Accenture on using diligence AI to plan integration before close Malizia says Cisco runs large language models through an internal application, for security reasons. 
Video · Euronext TV Why restructuring data rooms differ, and why AI should stay inside them Tessier sees bidders running downloaded documents through public LLMs as a confidentiality risk, and says Admincontrol will build search, summaries, indexing and redaction into the data room instead. 
Video · DealRoom How a small corp dev team uses AI, from blind teasers to document review When a blind teaser lands at Sellers Dorsey, the corporate development team pastes it into a large language model and asks which company it thinks this is, based on the context in the teaser. 
Video · The Motley Fool Datasite's CEO on what deal data shows and where AI agents fit in M&A Wiley argues that uploading data room content to a file store for LLMs gives up the controls on confidentiality and compliance that permissioning and audit trails provide.