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LoRA and Parameter-Efficient Fine-Tuning

Full fine-tuning updates all of a model's weights, which is expensive in compute and memory and produces a full-size copy per task. LoRA freezes the base model and trains small low-rank adapter matrices, cutting trainable parameters by orders of magnitude while matching most of full fine-tuning's quality. QLoRA adds 4-bit base quantization to fit huge models on one GPU. Applied-AI interviews probe it because PEFT is how teams actually fine-tune, and because LoRA adapters enable serving hundreds of variants cheaply.

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