In this video I discuss how Web 3.0 includes a lot more than just blockchain and crypto. With the future of many technologies eventually coming together how will this affect things? We discuss the SLM and what they could mean for applications.LLMs are getting a lot of attention but is that where the money resides. I have a feeling they will be commodities meaning Web3 is going to derive value from elsewhere.
▶️ 3Speak
This is interesting. I remember in one of your articles/videos that there isn't enough data. I'm wondering if LLMs won't eat into SLMs in the future.
They are two different things. SLM are a database that, in many instances will not be open.
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STOPSummary:
The host discusses the distinction between Web 3.0 and Web 3, emphasizing that Web 3.0 is a broader concept that encompasses not just blockchain and crypto, but also AI, robotics, biotech, energy, and other emerging technologies. He highlights the rise of large language models (LLMs) and the potential of smaller, more specialized language models (SLMs) to provide tailored information and services to specific user groups or platforms.
The host explains that SLMs can be trained on proprietary or restricted data sources, making them valuable tools for industries like law, gaming, and others with specialized information needs. He suggests that as the cost of training these models decreases, they will become more ubiquitous across various digital platforms and networks.
The host also touches on the importance of energy, compute power, and data in the development of Web 3.0, as well as the potential integration of blockchain, crypto, robotics, and biotech into this evolving digital landscape. He expresses optimism about the future progress and widespread adoption of these technologies, while acknowledging the current challenges around misinformation and the need for more reliable data sources.
Detailed Analysis:
The host begins by distinguishing between Web 3.0 and Web 3, with Web 3.0 being a broader concept that encompasses a wide range of emerging technologies beyond just blockchain and crypto, which are the focus of Web 3. He explains that Web 3.0 includes AI, robotics, biotech, energy, and other areas that are expanding the reach and capabilities of the internet.
The host then delves into the topic of large language models (LLMs) and the emergence of smaller, more specialized language models (SLMs). He notes that LLMs are trained on vast amounts of general information from the internet, allowing them to answer a wide range of questions. However, he points out that these models can sometimes provide inaccurate or questionable responses, as they are not always trained on the most reliable sources.
In contrast, the host explains that SLMs are trained on more specific, often proprietary data sources, such as legal information or game-related content. This allows them to provide more tailored and accurate information to users within a particular industry or domain. He suggests that as the cost of training these models decreases, they will become more prevalent across various digital platforms and networks, offering users access to specialized knowledge and services.
The host also discusses the importance of energy, compute power, and data in the development of Web 3.0. He notes that the placement and interconnectivity of data centers are crucial considerations, as energy availability and distribution play a significant role in the decision-making process. Additionally, the host mentions the potential integration of blockchain, crypto, robotics, and biotech into this evolving digital landscape, indicating the broad scope of Web 3.0.
Throughout the discussion, the host expresses optimism about the future progress and widespread adoption of these technologies, while acknowledging the current challenges around misinformation and the need for more reliable data sources. He emphasizes that the value of these technologies lies in their ability to provide users with access to information and services in ways they have not had before, tailored to their specific needs and interests.