What is the core idea behind parameter-efficient fine-tuning (PEFT)?
- Retrain the whole model but with a smaller learning rate
- Train a few new or selected parameters, freezing the base
- Distill the base model into a smaller student network
- Quantize the base model to fit it on a smaller GPU
Why
PEFT freezes the bulk of the pretrained weights and trains only a small number of added or selected parameters, cutting memory and storage while keeping most of the base knowledge. It is not full retraining, distillation, or quantization — those are different techniques.