Small language models (SLMs) are increasingly rivaling the performance of large foundation models like GPT-4. However, the need for high-quality datasets for fine-tuning these models presents a persistent challenge. 

On August 8th, Predibase is going to showcase an approach for fine-tuning an SLM that outperforms GPT-4 with synthetic data generated from only 10 real-world examples.

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The Data Dilemma

While fine-tuning SLMs with high-quality datasets can consistently produce task-specific models that outperform large foundation models, many teams face a significant barrier: assembling sufficient training data. This challenge has often been a bottleneck in AI development, limiting the ability of teams to develop production-ready models quickly and cost-effectively.

Synthetic Data Through Distillation

Our upcoming webinar introduces an innovative solution to this persistent challenge. By leveraging the capabilities of large language models such as GPT-4 and Llama-3.1-405b, we've developed techniques to generate high-quality synthetic data for fine-tuning task-specific SLMs. This approach enables teams to achieve GPT-4 level results with as few as 10 real-world examples, dramatically reducing the data collection burden and accelerating the path to production.

In this comprehensive session, we'll delve into the following key areas:

1. The Data Insufficiency Challenge: We'll explore the persistent issue of insufficient training data in AI development, discussing the limitations it imposes on teams working with SLMs.

2. Synthetic Data Generation Techniques: Our ML team will demonstrate methods for generating high-quality synthetic data based on as few as 10 data rows using Llama-3.1-405B and GPT-4. 

3. Achieving GPT-4 Level Performance: We'll show how SLMs fine-tuned with synthetic data can match or exceed the performance of GPT-4 across various tasks. Attendees will gain insights into the fine-tuning process, hyperparameter optimization, and performance evaluation metrics.

4. Streamlining the Development Process: We'll discuss strategies for significantly reducing data collection efforts and accelerating the journey from concept to production. This includes techniques for identifying key seed examples, automating the synthetic data generation pipeline, and optimizing the fine-tuning workflow.

Join us on August 8th

Whether you're an AI practitioner, startup founder, or enterprise decision-maker, this session will equip you with knowledge to effectively use synthetic data and SLMs. Join us to explore how synthetic data and fine-tuned SLMs can unblock your AI initiatives. Register today.

*This post was written by Will Van Eaton from Predibase. We thank Predibase for their insights and ongoing support of TheSequence.