Andrej Karpathy has suggested that the term 'Large Language Models' (LLMs) is misleading and proposes 'Autoregressive Transformers' as a more accurate name. He believes that as LLMs mature, they will be able to address a diverse range of problems beyond language processing. A study titled 'Tokenization Falling Short: The Curse of Tokenization' highlights critical challenges in the tokenization process of LLMs. Companies like AbacusAI are leveraging state-of-the-art LLMs and generative AI to automate business processes, create chatbots, and improve efficiencies in workflows. AbacusAI offers a FREE expert consultation and a FREE TRIAL for their AI solutions. These advancements demonstrate the growing importance and application of LLMs in various industries.