Insights
Combining traditional ML with LLM-generated synthetic data: A balanced approach for text classification
Explore how to harness the best of traditional machine learning by generating synthetic data with LLMs for training compact, efficient ML models. To illustrate this, I ran an experiment using GPT-4o to generate synthetic data for three text classification tasks: spam detection, product classification, and sentiment analysis. I’ve also set out some recommendations for anyone looking to leverage synthetic data generated by LLMs for training efficient ML models.