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The acronym 'ML' stands for Machine Learning, a branch of AI that enables systems to automatically improve from experience without being explicitly programmed. Meanwhile, 'Ml' could refer to various concepts but in the context of finance and cryptocurrency, it's not a commonly used term. Regarding transformers, they are a type of neural network architecture, best exemplified by models like GPT, BERT, and T5, which revolutionized NLP by understanding context in language processing.

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