Foundation Models: AI's Next Frontier

Modern-day artificial intelligence (AI) centers on learning from data -- and the more data there is, the better it learns. That's why, until now, AI research and application has been largely focused on training bigger AI models on more data by using highly efficient computational resources. But while significant progress has been made in this area, many application areas -- such as healthcare and the manufacturing industry -- have limited data available, which has limited its applicability in these areas. Foundation models could be the solution to this. The term "foundation models" refers to a general purpose behind an AI model.