AI democratisation is taking over. And quick. The emergence of large language models has revolutionised artificial intelligence (AI) by improving natural language processing (NLP) and making it more accessible to everyone.
So how are large language models (LLMs) democratising access to technology and why they are becoming increasingly popular?
What are Large Language Models?
Large language models are AI models that use a large dataset to learn patterns and relationships in language.
Their biggest use? To understand and generate natural language text. Large language models use deep learning algorithms, which replicate neural networks of the human brain.
These models have billions of parameters and can understand context, idioms, and even humour.
(Want to know more about what LLMs are? Check out this post!)
Democratising Access to Technology
Before the emergence of LLMs, AI was largely limited to companies with deep pockets and access to expensive hardware.
The reason for this is that training AI models required a lot of computational power and specialized hardware like supercomputers. Now, this is no longer the case with the advent of large language models.
Unlike traditional AI models, LLMs can be trained on affordable hardware like graphics processing units (GPUs), making it easier and more cost-effective for small businesses, startups, and individuals to leverage AI in their operations.
In fact, OpenAI, the brains behind GPT-3, offers access to their API, allowing developers to easily integrate their models into their own software applications.
According to a report by MarketsandMarkets, the global AI market size is expected to reach £339.14 billion by 2027. This is largely due to the democratisation of AI technology, making it more accessible to wider audiences.
As a result, AI is becoming more accessible to small businesses, startups, and individuals. Especially with the introduction of specialised AI tools like ChatGPT, Google Bard, Descript and Dall-E.
Improving Natural Language Processing
According to a report by ResearchAndMarkets, the NLP market size is expected to grow from £9.66 billion in 2020 to £41.14 billion by 2027.
LLMs are also revolutionising natural language processing (NLP). In the past, NLP algorithms faced limitations in their ability to understand language and generate human-like text. Now, through the emergence of large language models, NLP algorithms are becoming more advanced.
For instance, GPT-3, one of the most popular large language models, has 175 billion parameters, allowing it to generate text that is almost indistinguishable from human-generated text. This has led to a surge in the use of GPT-3 for a wide range of applications such as chatbots, virtual assistants, and even content creation for websites and social media.
3 Applications of Large Language Models
The emergence of LLMs opens up a wide range of applications for businesses and individuals alike.
The most prominent of these models is GPT-3, one of the largest language models in existence. Here are some examples of how large language models are being used today:
1. Natural Language Processing
GPT-3 has made significant contributions to the field of natural language processing. It can perform a wide range of tasks such as text completion, translation, summarisation, and even writing code. This has revolutionised the field of NLP and has become a popular tool for developers and businesses. For instance, OpenAI has developed ChatGPT, an application that uses GPT-3 to write human-like emails, which saves time and improves efficiency for businesses.
2. Chatbots and Virtual Assistants
Chatbots and virtual assistants are becoming increasingly popular in today’s digital world. They can help businesses automate customer service, improve response times, and reduce costs. With the help of large language models like GPT-3, chatbots and virtual assistants can provide more natural and engaging interactions with customers. For instance, Hugging Face has developed an open-source chatbot called DialoGPT, which uses GPT-3 to generate human-like responses to user queries.
Large language models can also be used to create personalised content for websites and social media. For instance, Copy.ai is a startup that uses GPT-3 to generate creative writing such as slogans, taglines, and even social media posts. This saves businesses time and money and improves the overall quality of their content.
3. Creative Writing
Large language models have also been used to generate creative writing such as poetry and fiction. For instance, Liam Porr, a student at the University of California, Berkeley, used GPT-3 to write an entire article that was published in The Guardian.
Additionally, there are numerous websites and apps that allow users to input a prompt or topic and generate creative writing based on GPT-3’s responses.
Learn More About LLMs On Our Blog
It’s clear. LLMs have a wide range of applications that are revolutionising the way businesses and individuals use AI. From improving natural language processing to creating chatbots and virtual assistants, the possibilities are endless.
As these models continue to evolve and become more accessible, we can expect to see even more innovative use cases in the future.
LLMs are quickly revolutionising AI and democratising access to technology.
As LLMs continue to evolve, we can expect to see even more exciting developments in the world of AI.
Want to stay up-to-date with the latest developments in AI and natural language processing? Be sure to check out our blog for more informative and engaging content!