MLOps.community  cover image

MLOps.community

FrugalGPT: Better Quality and Lower Cost for LLM Applications // Lingjiao Chen // MLOps Podcast #172

Aug 22, 2023
01:02:58
Snipd AI
Lingjiao Chen discusses strategies to reduce the cost of using large language models (LLMs) and introduces FrugalGPT, which can match the performance of GPT-4 with up to 98% cost reduction. The podcast also explores optimizing LLM prompts, comparing API providers for cost and quality, approximating performance with a cache layer, and reducing the cost of using LLMs
Read more

Podcast summary created with Snipd AI

Quick takeaways

  • Optimizing prompts through query concatenation can save costs and improve efficiency.
  • The cascade method selects the most cost-effective LLM API based on the query to save money while maintaining accuracy.

Deep dives

Prompts optimization through query concatenation

Optimizing prompts through query concatenation involves compressing multiple queries into a single prompt, reducing the size and redundancy. By processing a single prompt rather than multiple ones, it saves costs and improves efficiency.

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode