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> guessing which tokens a model might generate

A transformer that generates tokens based on pre-training? We could call it a GPT for short.

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Can we expect similar issues such as spectre and meltdown that intel experienced with speculative execution.. but, in the form of prompt injection/poisoning?
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Ok, I'll bite: no, considering these are very different domains and you don't get system access by getting the wrong speculative branch for your next text token, you just get a slightly different (but probably still related enough) text.
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> optimizations applied at different levels of the stack

That's because it's just "guess and check" not some deep universal insight.

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Simple optimizations are often the best :)
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