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Parameter-Efficient Fine-Tuning (PEFT)

A family of techniques that adapt large pre-trained models to specific tasks by modifying only a small fraction of parameters, dramatically reducing compute and memory requirements.

PEFT methods include LoRA, adapters, prefix tuning, and prompt tuning. They typically update 0.01-1% of model parameters while achieving 90-99% of full fine-tuning performance. PEFT has democratized LLM customization — organizations can adapt 70-billion-parameter models on consumer hardware. The Hugging Face PEFT library has been downloaded millions of times. These techniques are essential for enterprise AI adoption, where customization costs must be manageable at scale.

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