Too often, we fixate on the AI model when the real key is how we define the problem. Take predicting tomorrow’s weather: you could use binary classification for ‘good or bad,’ multi-class for ‘sunny, cloudy, rainy, snowy,’ or three regressions—temperature in Celsius, precipitation in mm, and humidity in %. The approach matters more than the algorithm.
People actually think an LLM can generate a trading bot that will make them millions.
The number of people who ask ChatLLM to develop one and get annoyed and email us, is pretty astounding 🤯
No wonder so many people are impatient for super intelligence! They believe they can become rich over nite 🤣🤣
@emollick Didn't realise it was a formula at the time—I recently published a paper in this genre.
In this case, anchoring bias affects LLMs: mentioning an arbitrary high or low number affects subsequent forecasts, even if you ask to ignore previous instructions or use chain of thought.
Building the best model: Balancing competing trade-offs
Building a high-performance machine learning model often centers on accuracy, but neglecting other important factors can lead to long-term issues.
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↳ The framework itself allows you to compare and choose easily between models.
↳ "Good enough" avoids over-investing in iterations or features, ensuring effective resource allocation and balancing perfection with realistic resources.
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By implementing effective monitoring strategies across these areas, you can ensure that your AI models continue to deliver value and support your business objectives over time.
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Monitoring AI models: Best practices for business success
Monitoring AI models is crucial to:
↳ Maintain business continuity
↳ Preserve customer trust
↳ Optimize costs
Focus on five key aspects for effective AI model monitoring:
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