Model size is crucial, but an optimal balance between model weights and training tokens significantly influences performance. The Chinchilla model highlighted that to achieve the best results, one should double the training tokens whenever the model weight is doubled, according to new scaling laws. However, for practical deployment and inference efficiency, it is often more beneficial to extend training duration rather than increase model size. This concept, referred to as the 'Chinchilla trap,' asserts that while a larger flagship model may excel in benchmarks, a longer training period with smaller models can yield better compute efficiency in real-world applications.

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