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Has Generative AI Already Peaked? - Computerphile
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I think it’s incredibly naïve to think that because we’ve hit a boundary on one particular aspect of LLMs that the technology has peaked as a whole. There are lots of ways to improve LLMs that aren’t just increasing the parameter size, for example there’s been an uptick in smaller models that are optimized to run on client devices without large GPUs. There is probably a future where we have small 3-7B models that are competitive with today’s best 70B models, but can run in real time on any smartphone. We’ll have larger context windows, allowing LLMs to work on larger problems. And we’ll have better techniques for getting high quality information out of LLMs, there are already adversarial methods where two LLMs hold a debate on a subject that have proven more accurate and comprehensive data is possible. They’ll also continue to be embedded into different places in software that make them more useful, not just like a chatbot that lives in its own world.
The paper isn't about parameter size but the need for exponentially more training data to get a mere linear increase in output performance.