French AI firm Mistral’s Large language model

Subject : Science and Tech

Section: Awareness in IT

Context:

A week ago, Mistral released a 7.3 billion parameter language model positioned to compete against Meta’s L Lama 2, a 13 billion parameters large language model(LLM). The French firm has claimed first place for the most powerful LLM.

What is generative AI?

Like other forms of artificial intelligence, generative AI learns how to take actions based on past data.
It creates brand new content—a text, an image, even computer code—based on that training instead of simply categorizing or identifying data like other AI.
The most famous generative AI application is ChatGPT, a chatbot that Microsoft-backed OpenAI released late last year.
The AI powering it is known as a large language model because it takes in a text prompt and, from that, writes a human-like response.

What are large language models (LLMs)?

Large Language Models (LLMs) are advanced AI systems designed to understand and generate human-like language.
They use vast amounts of data to learn patterns and relationships in language, enabling them to answer questions, create text, translate languages, and perform various language tasks.

Potential of large language models

Economic Transformation: LLMs are predicted to contribute $2.6 trillion to $4.4 trillion annually to the global economy.
Enhanced Communication: LLMs redefine human-machine interaction, allowing for more natural and nuanced communication.
Information Democratization: Initiatives like the Jugalbandi Chatbot exemplify LLMs’ power by making information accessible across language barriers.
Industry Disruption: LLMs can transform various industries.For example, content creation, customer service, translation, and data analysis can benefit from their capabilities.
Efficiency Gains: Automation of language tasks leads to efficiency improvements.This enables businesses to allocate resources to higher-value activities.
Educational Support: LLMs hold educational potential.They can provide personalized tutoring, answer queries, and create engaging learning materials.
Medical Advances: LLMs assist medical professionals in tasks such as data analysis, research, and even diagnosing conditions.This could significantly impact healthcare delivery.
Entertainment and Creativity: LLMs contribute to generating creative content, enhancing sectors like entertainment and creative industries.
Positive Societal Impact: LLMs have the potential to improve accessibility, foster innovation, and address various societal challenges.