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Comparing Specialised Small and General Large Language Models on Text Classification: 100 Labelled Samples to Achieve Break-Even Performance

When solving NLP tasks with limited labelled data, researchers typically either use a general large language model without further update, or use a small number of labelled samples to tune a specialised smaller model. In this work, we answer an important question -- how many labelled samples are required for the specialised small models to outperform general large models, while taking the performance variance into consideration. By observing the behaviour of fine-tuning, instruction-tuning, prompting and in-context learning on 8 language models, we identify such performance break-even points across 8 representative text classification tasks of varying characteristics. We show that the specialised models often need only few samples (on average $100$) to be on par or better than the general ones. At the same time, the number of required labels strongly depends on the dataset or task characteristics, with fine-tuning on binary datasets requiring significantly more samples. When performance variance is taken into consideration, the number of required labels increases on average by $100 - 200\%$. Finally, larger models do not consistently lead to better performance and lower variance, with 4-bit quantisation having negligible impact.

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