Advancements and Challenges in RAG Systems - Syed Asad | Vector Space Talks

Syed Asad, an AI/ML professional at Kiwi Tech, discusses the advancements and challenges of retrieval-augmented generation (RAG) systems and AI applications across various industries. He highlights the complexities involved in creating multimodal AI systems, which require efficient transcription models and resources to manage varying accents and high costs. Asad emphasizes the importance of accurate contextual matching in specialized fields like radiology job searches, where Qdrant has proven effective. He also notes the critical role of prompt engineering in managing AI behavior and reducing hallucinations, a common issue with language models. Asad advocates for using open-source tools and emphasizes the need for research-based approaches due to the rapid evolution of AI technologies. Finally, he addresses the challenges related to data privacy and cost, advocating for the localization of LLMs and the usage of quantization techniques to optimize performance and reduce expenses.