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New Language Model Outperforms GPT-3 with Lesser Parameters

GPT-3 has been turning heads with it's extraordinary 175 Billion parameters performance, so much so that Microsoft partnered with OpenAI for an exclusive license to it. But recently, in a paper published on arXiv by Timo Schick and Hinrich Schutze from the Center for Information and Language Processing (Ludwig Maximilian University, Munich), it was shown that the same performance can be achieved by a language model using only a tiny fraction of those many parameters.