This is a small model keeping up with the big guys. 20B parameters might fit in 2 beefy GPUs, that's a bargain compared to GPT-3.
In general larger models and more data has been an effective strategy for getting better performance but getting the right ratio is also important: https://www.deepmind.com/publications/an-empirical-analysis-...
You could then distill that model and end up with something that’s a fraction of the size (6b parameters for example, just under 1/3, would fit on commercial GPUs like 3090s). There are some interesting examples of this with smaller models like BERT/BART or PEGASUS in Huggingface Transformer’s seq2seq distillation examples.