In August, 32 faculty and 117 research scientists, postdocs, and students at Stanford University, long one of the biggest players in AI, declared that there has been a “sweeping paradigm shift in AI”. They coined a new term, “Foundation Models” to characterize the new paradigm, joined forces in a “Center for Research on Foundation Models”, and published the massive 212-page report “On the Opportunities and Risks of Foundation Models.” Although the term is new, the general approach is not. https://thegradient.pub/has-ai-found-a-new-foundation/
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