New Technobabble (LLMs, SLMs, & SAMs)

AI Word Salad

We always talk about Large Language Models (LLMs), but now, we’re deploying more and more Small Language Models (SLMs) and Small Action Models (SAMs). So, here are three definitions that will come in handy for any AI-focused cocktail conversation you may have this weekend.

LLMs are broad, general-purpose models trained on extensive datasets. They excel at language comprehension and generation, making them the backbone of applications like chatbots and customer service automation. Use cases include content creation, automated translation, and summarizing large volumes of text. For example, LLMs are the underlying technologies for tools like ChatGPT.

SLMs are more specialized, secure, and focused on specific tasks. They are derived from LLMs but are enhanced with knowledge graphs and domain-specific data to suit particular applications. A common use case is in the healthcare sector, where SLMs can securely handle patient data and provide tailored responses for medical queries. In enterprise environments, they facilitate internal knowledge management by tapping into company-specific datasets, offering accurate, context-specific insights.

SAMs take things further by acting as dynamic agents. They combine the best of SLMs and LLMs to autonomously execute tasks aligned with business objectives. For instance, a SAM could automate a marketing campaign by analyzing customer interactions, predicting trends, and triggering personalized messages. These models can also optimize supply chain management by making real-time decisions based on evolving data patterns.

That’s a quick vocab lesson. While LLMs are big and famous, SLMs and SAMs are quietly shaping the future of AI by delivering more precise, secure, and actionable insights for various specialized applications.

About Shelly Palmer

Shelly Palmer is the Professor of Advanced Media in Residence at Syracuse University’s S.I. Newhouse School of Public Communications and CEO of The Palmer Group, a consulting practice that helps Fortune 500 companies with technology, media and marketing. Named LinkedIn’s “Top Voice in Technology,” he covers tech and business for Good Day New York, is a regular commentator on CNN and writes a popular daily business blog. He's a bestselling author, and the creator of the popular, free online course, Generative AI for Execs. Follow @shellypalmer or visit shellypalmer.com.

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