Compute, data, and parameter count are the three logarithmic values that correspond to model performance.
So if you find ways of improving training efficiency (the simplest conceptually is probably local/global sliding window attention like Gemma; the latest DeepSeek and Kimis have quite fancy ones), you will be able to have more effective compute, and train smarter models while keeping data and param count the same.
If you find this fascinating and want to dive more, I encourage checking out nanochat (solid GPT-2 repro; minimal LoC); and trying to make architectural tweaks with a coding agent.
“Learning through experimentation” has never been easier or more fun in my opinion. If you have a GPU, even an older 8GB card (or a few bucks for Runpod), you can pretrain your own small language model and start experimenting / tweaking it.
(?) We actually don't know that but it is very likely.