ShiSh S.โ€™s Post

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Global Retail Startups Lead | RETHINK Retail Top Retail Expert 2024 | RTIH Top 100 Retail Technology Influencers | Advisory Board GMU Center for Retail Transformation | Mentor at Unlimited Awesome

Because they use less computing power, small models can answer questions for as little as ๐จ๐ง๐ž-๐ฌ๐ข๐ฑ๐ญ๐ก ๐ญ๐ก๐ž ๐œ๐จ๐ฌ๐ญ ๐จ๐Ÿ ๐ฅ๐š๐ซ๐ ๐ž ๐ฅ๐š๐ง๐ ๐ฎ๐š๐ ๐ž ๐ฆ๐จ๐๐ž๐ฅ๐ฌ in many cases. Experian shifted from large models to small for their #AI chatbots for financial advice and customer service. Once trained on the companyโ€™s internal data, the smaller models performed as well as large ones at a fraction of the cost: https://lnkd.in/gVN_nvXz (thank you Eric Best for the pointer & for the amazing conversation last week. Your high energy level & contagious enthusiasm continues to be the same as it was 20+ yrs ago ๐Ÿ˜Š) The rise of SLMs represents an exciting development in the field of #AI, and it will be interesting to see how they shape the future of #retail and other industries: https://lnkd.in/gMBp8ehM SLMs consume significantly less computational power, leading to lower energy usage and reduced carbon emissions. This makes them more environmentally friendly compared to LLMs ๐Ÿƒโ™ป๏ธ๐Ÿž๏ธ๐Ÿ’š๐ŸŒฑ Microsoft for Startups Pegasus partner Snorkel AI focuses on optimizing and customizing language models for enterprise use. One of their key offerings is the ability to distill large language models (LLMs) into specialized โ€œsmall language modelsโ€ (SLMs).ย These SLMs are designed to improve task-specific accuracy while significantly reducing cost. #startups #AI #GenAI #LLM #SLM #msft4startups Tom Davis, Panteha Healey, Cathy Zhu, Sally Ann Frank, Ted Roduner, Heena Purohit

For AI Giants, Smaller Is Sometimes Better

For AI Giants, Smaller Is Sometimes Better

wsj.com

ShiSh S.

Global Retail Startups Lead | RETHINK Retail Top Retail Expert 2024 | RTIH Top 100 Retail Technology Influencers | Advisory Board GMU Center for Retail Transformation | Mentor at Unlimited Awesome

1w

An interesting case study from SLB (also known as Schlumberger): The world leading offshore drilling services company used #AI to extract 70+ years of text data to enhance proactive well management. Using Snorkel AI's solution, they built an AI application (in just 3 days) to process PDFs of well report and extract relevant information to perform analysis for client reports. ๐™๐™๐™š ๐˜ผ๐™„ ๐™–๐™ฅ๐™ฅ๐™ก๐™ž๐™˜๐™–๐™ฉ๐™ž๐™ค๐™ฃ ๐™—๐™ช๐™ž๐™ก๐™ฉ ๐™ฌ๐™ž๐™ฉ๐™ ๐™Ž๐™ฃ๐™ค๐™ง๐™ ๐™š๐™ก ๐™๐™ก๐™ค๐™ฌ ๐™ง๐™š๐™™๐™ช๐™˜๐™š๐™™ ๐™ฉ๐™๐™š ๐™ฅ๐™ง๐™ค๐™˜๐™š๐™จ๐™จ๐™ž๐™ฃ๐™œ ๐™ฉ๐™ž๐™ข๐™š ๐™ค๐™› ๐™ง๐™š๐™ฅ๐™ค๐™ง๐™ฉ๐™จ ๐™›๐™ง๐™ค๐™ข ๐™—๐™š๐™ฉ๐™ฌ๐™š๐™š๐™ฃ 1 ๐™ฉ๐™ค 3 ๐™๐™ค๐™ช๐™ง๐™จ ๐™ฅ๐™š๐™ง ๐™ง๐™š๐™ฅ๐™ค๐™ง๐™ฉ ๐™ฉ๐™ค ๐™Ÿ๐™ช๐™จ๐™ฉ ๐™– ๐™›๐™š๐™ฌ ๐™จ๐™š๐™˜๐™ค๐™ฃ๐™™๐™จ ๐™ฅ๐™š๐™ง ๐™ง๐™š๐™ฅ๐™ค๐™ง๐™ฉ: https://snorkel.ai/how-schlumberger-uses-snorkel-flow-to-enhance-proactive-well-management/

Eric Best

Investor | Founder | CEO | Scaling SoundCommerce

1w

Good stuff ShiSh S.! Seems like Reactor โ€ข Intelligent Data Pipeline needs a native Snorkel AI enterprise data orchestration (Alexander) to get that platform into the hands of our customers like https://reactordata.com/hearst-customer-success/ ๐Ÿ™‚

Eugene Mischenko

Chief Digital Officer | E-Commerce & Digital Transformation Authority | Award-Winning Innovator | Digital Transformation

1w

The shift towards small language models is quite intriguing. I find the balance between cost efficiency and environmental benefits particularly compelling. It's great to see how these advancements are shaping the future of AI and retail. Thanks for sharing these insights! ๐ŸŒฑ

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