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 data sets 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.