Global Big Data Conference

Large language models capable of writing poems, summaries, and computer code are driving the demand for "natural language processing (NLP) as a service." As these models become more capable -- and accessible, relatively speaking -- appetite in the enterprise for them is growing. According to a 2021 survey from John Snow Labs and Gradient Flow, 60% of tech leaders indicated that their NLP budgets grew by at least 10% compared to 2020, while a third -- 33% -- said that their spending climbed by more than 30%. Well-resourced providers like OpenAI, Cohere, and AI21 Labs are reaping the benefits. As of March, OpenAI said that GPT-3 was being used in more than 300 different apps by "tens of thousands" of developers and producing 4.5 billion words per day.