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# [On the Opportunities and Risks of Foundation Models](https://arxiv.org/abs/2108.07258) | ||
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_November 2024_ | ||
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tl;dr: Nice def and summary of FM. | ||
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#### Overall impression | ||
* A foundation model is any model that is trained on broad data (generally using self-supervision at scale) that can be adapted (e.g., fine-tuned) to a wide range of downstream tasks | ||
* The significance of foundation models can be summarized by two words: **emergence** and **homogenization**. | ||
* Emergence means that the behavior of a system is implicitly induced rather than explicitly constructed; | ||
* Homogenization indicates the consolidation of methodologies for building machine learning systems across a wide range of applications | ||
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#### Key ideas | ||
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#### Technical details | ||
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#### Notes | ||
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