Foundation models accelerate AI application adoption
The introduction of foundation models has been a significant breakthrough in the field of artificial intelligence. They are trained on vast datasets and offer advanced capabilities such as natural language fluency and complex reasoning, making them applicable to a wide range of general purposes. These can be anything from providing customer support and virtual assistance to creating new bodies of copy, images, and video.
Creating a foundation model from scratch is a challenging and resource intensive undertaking. For this reason, most companies will elect to build their AI applications using a subset of readily available, state-of-the-art frontier models. Their flexibility, utility, and cost effectiveness has radically transformed machine learning and AI application development.