Recent developments in the field of large language models (LLMs) highlight significant advancements in cost efficiency and performance. A cost-optimization sprint revealed that GPT-4o operates at a cost of $4.38 per million tokens, while open-source models can be utilized for as low as $1.50 per million tokens. Additionally, fine-tuning open-source models, such as Meta's Llama 3.1, has shown to outperform commercial models like GPT-4 by nearly 20% across 30 benchmark tasks. This trend underscores the growing competitiveness of open-source LLMs against established commercial counterparts. Furthermore, new strategies for optimizing LLM inference, including the KVSharer method, are being researched to enhance efficiency in cache optimization.
Exciting groundbreaking research on efficient Large Language Model (LLM) inference! KVSharer, a revolutionary plug-and-play method, challenges conventional wisdom in KV cache optimization. Here’s how KVSharer works to optimize LLM inference: >> Strategy Search Process Step 1:… https://t.co/L11qT04eGQ
Looking to scale LLM Inference and save on costs? @basetenco’s benchmark post breaks down batch handling, goes deep into performance results, and provides tips on when and how to optimize spend. Get the full scoop here: https://t.co/5PMQcmQB3D
New blog: Optimize your AI application with semantic cache ⏲️ Learn: - Caching LLM responses to speed up your AI application - How caching reduces LLM costs - Difference between semantic cache and key-value cache https://t.co/4FeTWpWXoa