Fine-Tuned 'Small' LLMs (Still) Significantly Outperform Zero-Shot Generative AI Models in Text Classification
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Abstract (arXiv)
Generative AI offers a simple, prompt-based alternative to fine-tuning smaller BERT-style LLMs for text classification tasks. This promises to eliminate the need for manually labeled training data and task-specific model training. However, it remains an open question whether tools like ChatGPT can deliver on this promise. In this paper, we show that smaller, fine-tuned LLMs (still) consistently and significantly outperform larger, zero-shot prompted models in text classification. We compare three major generative AI models (ChatGPT with GPT-3.5/GPT-4 and Claude Opus) with several fine-tuned LLMs across a diverse set of classification tasks (sentiment, approval/disapproval, emotions, party positions) and text categories (news, tweets, speeches). We find that fine-tuning with application-specific training data achieves superior performance in all cases. To make this approach more accessible to a broader audience, we provide an easy-to-use toolkit alongside this paper. Our toolkit, accompanied by non-technical step-by-step guidance, enables users to select and fine-tune BERT-like LLMs for any classification task with minimal technical and computational effort.
Key facts. Cited by 66 papers in the map (data through 7 Oct 2026). Builds on 23 of its 46 references that are in the map. First posted on arXiv 12 Jun 2024.
Builds on
23 of 46 references.
References · 23
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- 2016Enriching Word Vectors with Subword Informationcited by 1,578
- 2020Don't Stop Pretraining: Adapt Language Models to Domains and Taskscited by 1,548
- 2023ChatGPT Outperforms Crowd-Workers for Text-Annotation Taskscited by 849
- 2019EDA: Easy Data Augmentation Techniques for Boosting Performance on Text Classification Taskscited by 800
- 2015Improving Neural Machine Translation Models with Monolingual Datacited by 784
- 2023Textbooks Are All You Needcited by 561
- 2023Are Emergent Abilities of Large Language Models a Mirage?cited by 515
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- 2022Broken Neural Scaling Lawscited by 102
- 2024Language Models for Text Classification: Is In-Context Learning Enough?cited by 39
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