There's been a lot of chatter around Chat GPT. In this article, I'm briefly explaining what language models are, how Chat GPT differs from other language models, and how small players coming into this exciting space build sustainable products that can survive the competition.
What Are Language Models?
Language modeling is at the core of Natural language processing, trying to predict the probability of the following sequence of words given the past sequence of words in a text. E.g., The model tries to learn that the word "blue" is more likely to follow the sequence of words "The water is clear and the sky is <>" than the words red/green/ocean, etc. Suppose the model can learn the next sequence of words/sentences/characters. In that case, this model can be used in various tasks like Autocomplete, speech recognition, machine translation, text generation, etc., along with other classification models.