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How to Use Small Language Models for Industry Specific Use Cases

HatchWorks AI 2,237 10 months ago
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Learn how to use small language models for industry and domain-specific use cases, and why you should leverage this approach in your enterprise. David Berrio, our Senior AI/ML Engineer, will teach you: - What small language models are - Why you should be leveraging them (especially for domain-specific use cases) - How to implement them - Why is this important? Many enterprises are leveraging large API-based models like ChatGPT. This can become cost-prohibitive, less performant, and even less accurate when applied to domain-specific use cases. By leveraging small language models (especially open-source ones), you can fine-tune your model to your specific use case, saving money and time while providing a more accurate experience. Who is this for? - Leaders and practitioners in engineering and application development who are curious about how to leverage small language models for more control and cost savings - Business leaders looking to leverage Gen AI for industry-specific use cases Don't miss out! --- Chapters: 00:00 - Introduction to GenDD Lab Live 00:24 - Overview of Generative-Driven Development (GenDD) 00:42 - Topic Introduction: Small Language Models 01:28 - Introduction of David Berrio 01:49 - Presentation Begins 02:12 - Importance of Small Language Models 03:20 - Opportunities with Small Language Models 04:18 - Challenges with Large Language Models (LLMs) 05:07 - Use Case 1: Financial Oversight and Receipt Processing 07:10 - Broader Applications Beyond Chatbots 07:57 - Use Case 2: Ensuring Package Integrity 09:43 - Multimodality and Computer Vision 11:14 - Comparison Between Small and Large Language Models 12:44 - Knowledge and Reasoning in LLMs 13:40 - Limitations and Cost of LLMs 15:40 - Overkill of Using LLMs for Simple Tasks 16:40 - Architecture for Invoice Processing with LLMs 19:37 - Architecture for Package Condition Monitoring with LLMs 20:35 - Benefits of Small Language Models 22:18 - Definition and Efficiency of Small Language Models 24:31 - Fine-Tuning and Knowledge Distillation 27:02 - Real-Life Examples of Small Language Models 28:21 - Invoice Data Extraction Demo 30:37 - Automating Invoice Processing 31:22 - Image-Based Invoice Processing Demo 34:08 - Final Thoughts on Small Language Models 36:00 - Streamlit for AI/ML Prototyping 37:00 - Q&A Session Begins 37:25 - Computing Power for Small Language Models 40:58 - Using Large Language Models Locally 44:23 - Mini RAG and Code Generation 48:18 - Vector Database Explanation 52:02 - Future of Small and Large Language Models 55:10 - Training and Fine-Tuning Small Language Models 58:45 - Closing Remarks and Upcoming GenDD Labs 01:02:20 - Final Q&A and Audience Interaction 01:03:35 - Conclusion and Thanks --- 🔴 Subscribe: https://www.youtube.com/channel/UCNGKC_jMZAv-5dRD9EgTtFw?sub_confirmation=1 #HatchWorksAI #AILab #LLM #SLM #SLMvsLLM More from HatchWorks AI ⬇️ HatchWorks AI: https://hatchworks.com/ HatchWorks AI Labs: https://hatchworks.com/resources/events/ Join Our AI Community: https://generative-driven-development.mn.co/ Talking AI Podcast: https://hatchworks.com/talking-ai/

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