"We have found three potential issues with Hoffmann et al.’s estimates of the Chinchilla scaling law that rely on Approach 3: 1. Their estimated model fits the reconstructed data very poorly. These conclusions hold even when accounting for potential noise in data reconstruction and excluding outlier models. 2. The confidence are implausibly tight given the number of data points. Obtaining confidence intervals that tight would require many hundreds of thousands of observations, while they likely had only ∼400. 3. Their estimated model implies a scaling policy that is inconsistent with their other approach"
Data point most people are probably looking for: "We find a range consistent with the 20 tokens per parameter rule of thumb. Indeed, our point estimates imply that 25.6 tokens per parameters is optimal."