Tokens
Language models don't read letters or whole words; they read tokens, common chunks of text. A long word like "unbelievable" may be split into a few pieces. Each token has an ID number from a fixed vocabulary of tens of thousands. Prices, context limits and speed are all counted in tokens; very roughly, 100 tokens is about 75 English words.
Why it matters: Tokens are what a language model actually reads and writes.
Builds on: Training versus using a model
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Large Language Models explained briefly
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