What is a Large Language Model (LLM)?

Note: The above image was generated using Dall-E 3 (via ChatGPT).   In late November of 2022, artificial intelligence (AI) research and development company OpenAI released ChatGPT, an AI chatbot powered by a Large Language Model (LLM). In the following year, the world witnessed a meteoric rise in the usage of ChatGPT and other LLMs across a diverse array of industries and applications. However, what large language models actually are and what they are capable of is often misunderstood. In this blog, I will define LLMs, explore how they work, explain their strengths and weaknesses, and elaborate on a few of the most common LLM use cases for the enterprise.