The design and deployment of language models (LMs) is a significant advancement in the field of natural language processing (NLP). Their strong performance in understanding, interpreting, and generating human language has enabled their applicability in different fields, among which are some extremely sensitive areas as healthcare assistants, drug discovery and medical research, and education. With their potential impact, it is important to understand the way LMs operate and ensure their quality in undertaking these challenges. As such, two different approaches have emerged with specific applicability, namely large (LLMs) and small language models (SLMs). While LLMs have demonstrated high accuracy on generalized knowledge, SLMs have evolved to offer specialized insight for specific domains. Both LMs offer different benefits to their respective users. This study defines and examines the applicability of LLMs and SLMs, names the foundational research behind both, and presents a comparative analysis of the key architectural and methodological innovations and characteristics that have influenced their development, with focus on the newest and most used LMs.
Keywords
Artificial IntelligenceNatural Language ProcessingLarge Language ModelsSmall Language Models.
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