When Smaller Models Win – O’Reilly

While chess is a particularly potent example of a large language model losing to a much smaller specialized system, it’s far from unique. In a 2025 position paper, NVIDIA researchers argued that small models4 (which it defines as models under 10 billion parameters)...

Ways to think about token pricing — Benedict Evans

AI is in a supply crunch today, but what happens when we come out of it? How and where will supply, demand, price, capacity and capex get back into equilibrium? Today, model labs can name their price, but why won’t they end up as low-margin commodity infrastructure?...