@inproceedings{laskar-etal-2023-building,
title = "Building Real-World Meeting Summarization Systems using Large Language Models: A Practical Perspective",
author = "Laskar, Md Tahmid Rahman and
Fu, Xue-Yong and
Chen, Cheng and
Bhushan TN, Shashi",
editor = "Wang, Mingxuan and
Zitouni, Imed",
booktitle = "Proceedings of the 2023 Conference on Empirical Methods in Natural Language Processing: Industry Track",
month = dec,
year = "2023",
address = "Singapore",
publisher = "Association for Computational Linguistics",
url = "https://aclanthology.org/2023.emnlp-industry.33",
doi = "10.18653/v1/2023.emnlp-industry.33",
pages = "343--352",
abstract = "This paper studies how to effectively build meeting summarization systems for real-world usage using large language models (LLMs). For this purpose, we conduct an extensive evaluation and comparison of various closed-source and open-source LLMs, namely, GPT-4, GPT-3.5, PaLM-2, and LLaMA-2. Our findings reveal that most closed-source LLMs are generally better in terms of performance. However, much smaller open-source models like LLaMA-2 (7B and 13B) could still achieve performance comparable to the large closed-source models even in zero-shot scenarios. Considering the privacy concerns of closed-source models for only being accessible via API, alongside the high cost associated with using fine-tuned versions of the closed-source models, the opensource models that can achieve competitive performance are more advantageous for industrial use. Balancing performance with associated costs and privacy concerns, the LLaMA-2-7B model looks more promising for industrial usage. In sum, this paper offers practical insights on using LLMs for real-world business meeting summarization, shedding light on the trade-offs between performance and cost.",
}
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<abstract>This paper studies how to effectively build meeting summarization systems for real-world usage using large language models (LLMs). For this purpose, we conduct an extensive evaluation and comparison of various closed-source and open-source LLMs, namely, GPT-4, GPT-3.5, PaLM-2, and LLaMA-2. Our findings reveal that most closed-source LLMs are generally better in terms of performance. However, much smaller open-source models like LLaMA-2 (7B and 13B) could still achieve performance comparable to the large closed-source models even in zero-shot scenarios. Considering the privacy concerns of closed-source models for only being accessible via API, alongside the high cost associated with using fine-tuned versions of the closed-source models, the opensource models that can achieve competitive performance are more advantageous for industrial use. Balancing performance with associated costs and privacy concerns, the LLaMA-2-7B model looks more promising for industrial usage. In sum, this paper offers practical insights on using LLMs for real-world business meeting summarization, shedding light on the trade-offs between performance and cost.</abstract>
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%0 Conference Proceedings
%T Building Real-World Meeting Summarization Systems using Large Language Models: A Practical Perspective
%A Laskar, Md Tahmid Rahman
%A Fu, Xue-Yong
%A Chen, Cheng
%A Bhushan TN, Shashi
%Y Wang, Mingxuan
%Y Zitouni, Imed
%S Proceedings of the 2023 Conference on Empirical Methods in Natural Language Processing: Industry Track
%D 2023
%8 December
%I Association for Computational Linguistics
%C Singapore
%F laskar-etal-2023-building
%X This paper studies how to effectively build meeting summarization systems for real-world usage using large language models (LLMs). For this purpose, we conduct an extensive evaluation and comparison of various closed-source and open-source LLMs, namely, GPT-4, GPT-3.5, PaLM-2, and LLaMA-2. Our findings reveal that most closed-source LLMs are generally better in terms of performance. However, much smaller open-source models like LLaMA-2 (7B and 13B) could still achieve performance comparable to the large closed-source models even in zero-shot scenarios. Considering the privacy concerns of closed-source models for only being accessible via API, alongside the high cost associated with using fine-tuned versions of the closed-source models, the opensource models that can achieve competitive performance are more advantageous for industrial use. Balancing performance with associated costs and privacy concerns, the LLaMA-2-7B model looks more promising for industrial usage. In sum, this paper offers practical insights on using LLMs for real-world business meeting summarization, shedding light on the trade-offs between performance and cost.
%R 10.18653/v1/2023.emnlp-industry.33
%U https://aclanthology.org/2023.emnlp-industry.33
%U https://doi.org/10.18653/v1/2023.emnlp-industry.33
%P 343-352
Markdown (Informal)
[Building Real-World Meeting Summarization Systems using Large Language Models: A Practical Perspective](https://aclanthology.org/2023.emnlp-industry.33) (Laskar et al., EMNLP 2023)
ACL