Small Language Models vs. LLMs: Which One Reigns Supreme?

In 2024, researchers focused on small language models (SLMs) because scaling larger models offered marginal benefits.
Ilya Sutskever, former chief scientist at OpenAI, made an important statement at the recent NeurIPS conference: “We have achieved the pinnacle of data, we now have to work with it.”
This comment came at a time when it was being felt that the pace of development of large language models (LLMs) was slowing down, and scaling had reached its final stage. 

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