Comment by arkmm

You can fine tune a small LLM with a few thousand examples in just a few hours for a few dollars. It can be a bit tricky to host, but if you share a rough idea of the volume and whether this needs to be real-time or batched, I could list some of the tradeoffs you'd think about.

Source: Consulted for a few companies to help them finetune a bunch of LLMs. Typical categorical / data extraction use cases would have ~10x fewer errors at 100x lower inference cost than using the OpenAI models at the time.