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Explore the comparison between Large Language Models (LLMs) and traditional machine learning approaches in this 28-minute conference talk from MLOps World: Machine Learning in Production. Delve into the concept of in-context learning, a new paradigm offered by LLMs, and its superiority over explicit labelled data methods for various generative tasks. Examine how in-context learning can be applied to predictive tasks like text categorization and entity recognition with minimal labelled examples. Learn from Matthew Honnibal, Founder and CTO of Explosion AI, as he discusses the number of labelled examples required for a BERT-sized model to outperform GPT-4 on predictive tasks, providing valuable insights into the evolving landscape of machine learning techniques.