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As large language models (LLMs) continue to grow in size, fewer users are able to host and run models locally. This has led to increased use of third-party hosting services. However, in this setting, there is a lack of guarantees on the…

When using large language models (LLMs) in high-stakes applications, we need to know when we can trust their predictions. Some works argue that prompting high-performance LLMs is sufficient to produce calibrated uncertainties, while others…

We develop a theoretical model that addresses the economic trade-off between cost per token versus serial token generation speed when deploying LLMs for inference at scale. Our model takes into account arithmetic, memory bandwidth, network…

As large language models (LLMs) increasingly act as autonomous agents in markets and organizations, their behavior in strategic environments becomes economically consequential. We document that off-the-shelf LLM agents exhibit systematic…

This study introduces a hypothesis-testing framework to assess whether large language models (LLMs) possess genuine reasoning abilities or primarily depend on token bias. We go beyond evaluating LLMs on accuracy; rather, we aim to…

In this paper, we propose the 1 Trillion Token Platform (1TT Platform), a novel framework designed to facilitate efficient data sharing with a transparent and equitable profit-sharing mechanism. The platform fosters collaboration between…

Cryptocurrencies are widely used, yet current methods for analyzing transactions often rely on opaque, black-box models. While these models may achieve high performance, their outputs are usually difficult to interpret and adapt, making it…

Large Language Models (LLMs) are a powerful technology that augment human skill to create new opportunities, akin to the development of steam engines and the internet. However, LLMs come with a high cost. They require significant computing…

Large language models (LLMs), based on transformer architectures, have revolutionized numerous domains within artificial intelligence, science, and engineering due to their exceptional scalability and adaptability. However, the exponential…

Human communication heavily relies on laconism and inferential pragmatics, allowing listeners to successfully reconstruct rich meaning from sparse, telegraphic speech. In contrast, large language models (LLMs) owe much of their stellar…

Recent studies show that in supervised fine-tuning (SFT) of large language models (LLMs), data quality matters more than quantity. While most data cleaning methods concentrate on filtering entire samples, the quality of individual tokens…

Large Language Models (LLMs) solve many reasoning tasks via chain-of-thought (CoT) prompting, but smaller models (about 7 to 8B parameters) still struggle with multi-step reasoning under tight compute and token budgets. Existing test time…

Human communication is motivated: people speak, write, and create content with a particular communicative intent in mind. As a result, information that large language models (LLMs) and AI agents process is inherently framed by humans'…

How can small-scale large language models (LLMs) efficiently utilize the supervision of LLMs to improve their generative quality? This question has been well studied in scenarios where there is no restriction on the number of LLM…

Fine-tuning large language models (LLMs) to aggregate multiple preferences has attracted considerable research attention. With aggregation algorithms advancing, a potential economic scenario arises where fine-tuning services are provided to…

The widespread public deployment of large language models (LLMs) in recent months has prompted a wave of new attention and engagement from advocates, policymakers, and scholars from many fields. This attention is a timely response to the…

Large Language Models (LLMs) deliver state-of-the-art performance on complex reasoning tasks, but their inference costs limit deployment at scale. Small Language Models (SLMs) offer dramatic cost savings yet lag substantially in accuracy.…

The agent--tool interaction loop is a critical attack surface for modern Large Language Model (LLM) agents. Existing denial-of-service (DoS) attacks typically function at the user-prompt or retrieval-augmented generation (RAG) context layer…

Large language models (LLMs) have been a disruptive innovation in recent years, and they play a crucial role in our daily lives due to their ability to understand and generate human-like text. Their capabilities include natural language…

The continued improvement of large language models (LLMs) increasingly depends on eliciting high-quality, user-generated data, yet such data are costly to provide and often withheld due to privacy and effort concerns. This creates a…