A larger discussion is that the scaling laws achieve loss-optimal compute time, but the pre-training loss only improves predictions on the corpus, which contains texts written by people that were wrong or whose prose was lacking. In a real system, what you want to optimize for is accuracy, composability, inventiveness.
[0]: https://github.com/karpathy/nanoGPT/blob/master/scaling_laws...
I claim instead that we are still hardly scratching the surface with how we evaluate NLP systems. Also, some fields have straight up trash evaluation schemes. Summarization and ROGUE scores are totally BS and I find the claim that they even correlate with high quality summaries suspect. I say this with publications in the that subfield, so I have personal experience with just how crummy many summarizes are.
Overfitting?
"Chinchilla (70B) Greatly Outperforms GPT-3 (175B) and Gopher (280B)" - https://towardsdatascience.com/a-new-ai-trend-chinchilla-70b...