The ability of Generative AI models to “converse” with humans and predict the next word or sentence is due to Large Language Model, or LLM.
| 
			 Types of LLMs  | 
		
			
  | 
		
| 
			 Advantages  | 
			
			 Disadvantages  | 
		
| 
			 Zero shot learning- LLMs can generalize to tasks they were not explicitly trained for, showcasing adaptability to new applications  | 
			
			 High cost- Setting up the computing power for large models requires significant investment.  | 
		
| 
			 Efficient data handling- It can process vast amounts of data, making them suitable for tasks like language translation and document summarization.  | 
			
			 Data availability- Obtaining a large, high-quality text corpus can be challenging  | 
		
| 
			 Fine tuning- LLMs can be fine-tuned on specific datasets or domains, enabling continuous learning and adaptation.  | 
			
			 Bias-Many large data sets used for training LLMs contain biases and prejudices leading to biased or discriminatory content.  | 
		
| 
			 Smooth training- LLMs streamline training by leveraging unlabelled data, and accelerates the process which saves time and resource  | 
			
			 Time consuming- It takes months of training and human fine-tuning are necessary for optimal performance.  | 
		
| 
			 Automation- They can automate language-related tasks, freeing human resources for more strategic aspects of projects.  | 
			
			 Environmental impact- Training LLMs contributes to carbon emissions.  | 
		
| 
			 Performance- It provide fast responses, improving overall business efficiency and productivity, their high-performance capabilities enhance language-related tasks and content delivery  | 
			
			 Hallucination- LLMs may generate incorrect content without relying on learned data, this may lead to lack of accuracy or validity.  | 
		
Reference