Large Language Models, Small Labor Market Effects - SSRN Modest productivity gains (average time savings of 3%), combined with weak wage pass-through, help explain these limited labor market effects Our findings challenge narratives of imminent labor market transformation due to Generative AI
Large Language Models, Small Labor Market Effects | NBER We examine the labor market effects of AI chatbots using two large-scale adoption surveys (late 2023 and 2024) covering 11 exposed occupations (25,000 workers, 7,000 workplaces), linked to matched employer-employee data in Denmark
Small Language Models Are the New Rage, Researchers Say Large language models work well because they’re so large The latest models from OpenAI, Meta, and DeepSeek use hundreds of billions of “parameters”—the adjustable knobs that determine
How Large Language Models Could Impact Jobs Large language models (LLMs), the AI programs that churn vast amounts of data to generate content, will have large impacts on jobs, but they will take a long time to do so
Large Impact: The Rise of Small Language Models - Medium Large Language Models have a few key characteristics which fuelled its adoption These include: Natural Language Generation; Common-Sense Reasoning; Dialog and Conversation Context Management;
Getting More from Less: Large Language Models are Good Spontaneous . . . Recently, Large Language Models (LLMs) have shown impressive language capabilities, while most of them have very unbalanced performance across different languages Multilingual alignment based on the translation parallel data is an effective method to enhance LLMs’ multilingual capabilities