Chinchilla revised the earlier Kaplan scaling laws mainly by changing which conclusion?
- Loss no longer follows any power law with scale
- Larger models are always worse than smaller ones
- For a fixed compute budget, data should scale with model size
- Compute budget is entirely irrelevant to the final loss reached here
Why
Kaplan's analysis favored spending compute mostly on model size; Chinchilla corrected this, showing tokens and parameters should scale together, so prior models were undertrained. Power-law scaling still holds, bigger isn't always worse, and compute clearly bounds the achievable loss.