I have a paper coming up that I modestly hope will clarify some of this. The short answer should be that it's obvious LLM training and inference are both ridiculously inefficient and biologically implausible, and therefore there has to be some big optimization wins still on the table.
> and biologically implausible I really like this approach. Showing that we must be doing it wrong because our brains are more efficient and we aren't doing it like our brains. Is this a common thing in ML papers or something you came up with?
We know there is a more efficient solution (human brain) but we don’t know how to make it.
So it stands to reason that we can make more efficient LLMs, just like a CPU can add numbers more efficiently than humans.